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Nürburgring sold for £83m to German auto tech group (2014)

By 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.

Subaru Levorg concept teased ahead of Tokyo debut

The Subaru Levorg Concept Touring (pictured) will debut at the Tokyo Motor Show Today it’s the turn of another Japanese car maker to start showing what they’ll be taking to their home motor show in Tokyo next month, with Subaru teasing the Subaru Levorg concept. The Levorg concept – it’s name is made up from Legacy, Revolution and Touring – is said by Subaru to be a Tourer but with the feel of a sports car, whatever that means. Under the bonnet lurks a 1.6 litre Boxer engine with direct injection turbo tech which, say Subaru, offers smooth performance and green credentials.

New car sales September 2014 best in ten years. But…

The Ford Fiesta was again the best-selling car – September 2014 We’ve got used to new car sales / registration reusing month after month, and September 2014 is no different. The Society of Motor Manufacturers and Traders (SMMT) is reporting new registration for the important plate change month of September at 425,681 units, the strongest September performance since 2004 and the 31st month in a row new car sales have increased. But the SMMT do say that although September’s figures show yet another increase, it only represents a rise of 5.6 per cent compared to the March plate change registrations rise of 18 per cent, an indication that the new car marekt is starting to level off after nearly three years of growth.