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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.

Ford earns $2.6 billion in first quarter

Ford, helped by new models, rising U.S. sales, and a rebound in Europe, reported a first-quarter profit of $2.6 billion today. In the first quarter of 2010, Ford earned just over $2 billion.

Beijing motor show 2012 highlights

The 2012 Beijing motor show proves yet again that the balance of power and influence in the car industry continues to shift east. With a number of global debuts from both international and domestic brands, the show – which alternates between Beijing and Shanghai – is now a must-attend event in our calendar. In case you missed our CDNLive coverage, here's a chance to catch up: Citroen: DS: an object lesson in how to create a premium brand Citroen DS Numero 9 highlights Dongfeng: Dongfeng’s Hummer Fiat: What came first, the Viaggio or the Dart?