Car news

19 July 2012

Nurburgring applies for bankruptcy?

Bad news for fans of the Green Hell as financial trouble looms…

TopGear.com
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In what possibly only James May would describe as good news, the state-owned company that runs the Nurburgring is making noises about applying for bankruptcy.

The legendary 22 kilometer public track in Germany – a large poster of which festoons the lift to the TopGear office – has been in financial trouble for some time, but today confirmed that its request for help from the European Commission was unlikely to be approved in the short term.

According the Rhein Zeitung newspaper in Germany, the company running the complex (which included an ill-fated leisure add-on) is now in debt.

The state premier of the Rhineland Palatinate government said: “with greatest probability, bankruptcy would be applied for at the end of the month due to lack of liquidity.”

James is on the record decrying the rock-hard handling that comes from manufacturers’ recent addiction to testing their road cars at the ‘Ring, but this is decidedly sad news for any car fan.

Nothing has yet been decided in the long-term, but it’s not looking good for the Green Hell.  Perhaps this weekend’s German Grand Prix could feature a few rattling collection tins?

Tags: nurburgring

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