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Nurburgring sold to German parts maker Capricorn Group for £83.5 million

The Nurburgring has been saved from bankruptcy The Nurburgring complex in Germany – home to many a car makers test centre and beloved of wannabe racers – has been saved from bankruptcy with an £83.5 million deal. German parts maker Capricorn Group have stumped up over £83.5 million to buy the Nurburgring complex which includes the famous 13 mile North Loop Track as well as the Grand Prix Circuit and have committed to spending and additional £21 million to further develop and improve the site. The Nurburgring track fell in to bankruptcy back in 2012, and it looked for a while as if the whole thing could be closed down, but bids from Capricorn Group and one other have saved the day, with Capricorn winning out with the bigger bid.

Crash scams warning to drivers

MOTORISTS have been urged to be on the look-out for criminals staging crashes with their vehicles to make money out of insurance claims. Experts said Bradford and Birmingham were the most likely places for innocent drivers to be caught up in "Crash for Cash" scams but Bolton, Manchester, London, Liverpool and Halifax are also hotspots, and staged accidents can happen anywhere and any time. The Insurance Fraud Bureau (IFB) and Crimestoppers appealed for information on those making bogus claims, in a crime that collectively costs policyholders more than £390 million every year.

Geneva Motor Show 2012 Preview

Geneva Motor Show 2012 With the 2012 Geneva Motor Show now upon us, we take a look at what you can expect to find at the biggest Motor Show – in the world. The Geneva Motor Show is the closest thing most European car makers get to a proper home show these days, so it’s always going to be a show full of big name reveals, lots of new cars and more than a handful of barking mad concepts. We’ve reported over the last few months on what you can expect to arrive at Geneva, from the new Ferrari F12 Berlinetta to the Hyundai i20 facelift for 2012.