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Nürburgring sold for £83m to German auto tech group (2014)
Wed, 12 Mar 2014By Ollie Kew Motor Industry 12 March 2014 11:00 The Nürburgring racetrack in Germany has been sold to German automotive and aerospace technology conglomerate, Capricorn Group, for a figure in excess of €100m (£83m), it has been announced. The Capricorn bid narrowly beat a rival offer from HIG Europe by virtue of its ‘higher purchase price and good prospects for the region’. For now, it’s business as usual.
Lamborghini Estoque still possible despite Urus SUV
Wed, 25 Apr 2012Lamborghini Estoque Despite the reveal of the Lamborghini Urus SUV at the Beijing Motor Show this week, Lamborghini boss Stefan Winkelmann still wants the Estoque. It’s been a much debated subject for years: what should Lamborghini’s third model be? Should it be the super saloon Lamborghini Estoque or a super SUV aimed at China?
Porsche boss Mueller: A launch every year, 200,000 sales by 2018
Thu, 24 Feb 2011By 2018, Porsche CEO Matthias Mueller, 57, aims to boost annual global sales to more than 200,000 units, up from 97,000 in 2010. To do so, he will introduce at least one new Porsche every year. Mueller, a former executive at Volkswagen AG, replaced Michael Macht as Porsche AG CEO in October.