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From GMM

The operators of the Nurburgring are considering buying the embattled circuit.

The development comes after the German grand prix host last week commenced an insolvency process, which has endangered the future of the venue's biennial formula one race.

One solution could be for the circuit's existing management to propose a buyout, amid reports the Nurburgring's current debts actually outweigh its overall value.

"If it is on the table, we would think about whether and how we would participate in the tender," Nurburgring Automotive GmbH chief Jorg Lindner is quoted by the German news agency SID.

He also revealed: "We have developed a concept for the formula one race at the Nurburgring that does not require a cash grant from the state."


UPDATE
Die Rheinpfalz newspaper reported on Thursday that Bernie Ecclestone is looking into buying the embattled Nurburgring.

Citing an interview with F1's chief executive, the report said Ecclestone would not talk about the price he is willing to pay for the German grand prix venue, whose future is in the air after entering an insolvency process last week.

Rheinpfalz did however say the 81-year-old is not willing to organise the race at his own expense, nor forego the sanctioning fee for 2013, as was previously reported in the German media.

WRC driver Nasser Al-Attiyah, who also won Rally Dakar in 2011, will represent Qatar in the Olympic Games in London in shooting .

The forty-one-year old Al-Attiyah will enter the Skeet competition (previously called Ball-trap). He took part to the Olympic Games since 1996 in Atlanta. He missed the podium by nothing in Athens in 2004.

Nasser Al-Attiyah aims an Olympic medal in London. The qualifying rounds for the Skeet tournament will take place on Monday, July 30th in the morning, with the final round to be presented on Tuesday.

Meanwhile, his WRC rivals will be involved in the recce in order to prepare Rally Finland. Nasser Al-Attiyah's Citroën DS3 will be driven by Australian driver Chris Atkinson.

Electric car maker Tesla Motors said its second-quarter loss widened after the end of battery-powered Roadster sales and ahead of full output of the Model S sedan. Tesla's net loss totaled $105.6 million, or $1 a share, up from $58.

Also in the news: Audi shows us the 2013 R8 and Ford builds a Mustang to celebrate the Red Tails.

They boys and girls over at the Camaro5 forum have come upon an option sheet for the 2013 Chevrolet Camaro Dusk Special Edition package and some photos of what the finished package will look like.

Toyota, rebounding from lost production from last year's natural disasters in Asia, sold the most cars and trucks worldwide for the year's first half, extending its lead over GM and VW. Toyota global sales rose to 4.

Carroll Shelby's children and his estranged wife are reportedly close to a settlement that will end the dispute over his corporeal remains.

General Motors of Canada has detailed research and development activities in Canada that started in 2009 and stretch to 2016, at a cost of US$850m.

Daimler booked second quarter EBIT of EUR2,243m, down from EUR2,581m the previous year and net profit also dipped to EUR1,515m from EUR1,704m).

Japan's eight leading automakers boosted domestic production 21.2% to 847,734 vehicles in June.

Outright union hostility to PSA Peugeot's Citroen's massive job reduction plans looks likely to be neutered by the imminent holiday season in France that will see vast swathes of the country's automotive sector leave for the beach.

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Thailand's finance ministry is proposing to extend the first time car buyers' incentive programme until mid 2013, at the request of the country's car manufacturers to ensure all applicants are able to benefit.

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You’ll soon be able to control all your car’s gadgets with facial expressions and gestures

EXECUTIVE EDITOR BOB GRITZINGER: This is what the Audi TT should be--a high-revving, precise-handling, rock-solid all-wheel-drive sports coupe.

GM is restructuring its product-development enterprise so that a single engineer takes full responsibility for each of GM's vehicle programs, a move aimed at increasing accountability and speeding the introduction of new cars and trucks.

India's Automotive Component Manufacturers Association (ACMA) has strongly condemned last week's violence at Maruti Suzuki's Manesar plant as fears grow the region's supply chain could be severely impacted.

In light of the child sex abuse scandal that has ensnarled Penn State, General Motors is re-evaluating its sponsorship of the university.

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New flagship performance model and more potent diesel join the Volkswagen Beetle line-up