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From GMM

F1's Nurburgring future now appears brighter, after the embattled German grand prix venue was bought for a reported EUR 100 million.

A week ago, it was reported that Miami-based private equity company HIG Capital was the high bidder for the fabled venue, having pledged EUR 60-70 million.

But it now emerges in the pages of Der Spiegel that the buyer is in fact a Dusseldorf based automotive group called Capricorn.

Boss Robertino Wild confirmed the news at a press conference, saying Capricorn is committed to keeping formula one at the Nurburgring "as long as it remains affordable".

SID news agency said Capricorn is paying EUR 77 million euros, as well as immediately pumping in an additional 25 million to invest in the circuit.

Wild said the Nurburgring will "basically go as it was before", with the exception of the disastrous amusement park and roller coaster, to be shut down.

Chevrolet is continuing its tradition of

The Justice Department started a preliminary investigation into how GM handled the recall of 1.6 million vehicles with faulty ignition switches linked to at least 12 deaths.

The National Labor Relations Board has decided that anti-union workers at Volkswagen AG can defend the results of a mid-February union election that the UAW lost at the company's plant in Chattanooga.

India has seen plenty of automotive sector interest in recent years. It's a market with huge potential for growth, but a China-style market surge is not in prospect. Indeed, the economic crisis of last year and subsequent slowdown has reinforced a market pause, writes Dave Leggett. The big question is, how long will it last?

The Nuerburgring, the German race track known as Green Hell for its challenging Formula One course, was sold to Capricorn Group, an auto parts maker based in Dusseldorf.

German publication

Former Ford Motor Co. purchasing chief Tony Brown has been elected to supplier Tower International's board of directors effective April 1.

Tesla may have to shut down its factory-owned stores in New Jersey starting April 1 after the state's motor vehicle commission on Tuesday adopted new rules on dealership licensing.

Here's a trick efficiency-chasing hypermilers have been using for years: spotting the cycles of stoplights from 100 to 200 yards out, letting the car coast up to the light just before it turns green, then carrying on without stopping the car...

Fallout from General Motors' faulty ignition switches - most fitted to North American market brands and sold largely in the US - is rumbling on but, so far, there has been no threat from officialdom to "hold the automaker's feet to the fire" - a promise made infamously to Toyota by then-transportation secretary Ray LaHood during that automaker's sudden acceleration recall crises several years ago.

Toyota announced a recall of a number of 2014 Highlander SUVs, citing issues with one of the seatbelts.

When we asked Joe Kyte -- perhaps better known to the living-sculpture-buying public as Topiary Joe -- how he got into his peculiar line of work, he doesn't mince words: and#8220;I basically sculpt all that shit to support my car hobby.and#8221;

Nissan brought one of its new IDx concepts to

BMW said global group deliveries rose 6 percent in February as a 29 percent sales increase in China helped offset a slump in demand in Europe.

When the 2014 Honda Civic Si goes on sale March 12, it'll carry a base price of $23,580, including destination.

News 23 Jul, 2014

Funky new French supermini, the Citroen C1, priced from £8,245. Sales start July

Pictures See all 9 pictures 11 Mar, 2014

EDITOR WES RAYNAL: I like the new 2015 Audi A3. It's zippy. Hate that cliché but it fits this car.

Pertamina Lubricants, a producer of automotive lubricants, plans to invest IDR1.3 trillion (US$114m) to increase its capacity to produce lubricants.