Check out our Arrive Safe feature…

...it’s packed with features, fun articles and videos to prepare you for the Christmas holiday trip and to amuse you on the ride.

Win a home theatre system worth R4000!

Stand a chance to win a home theatre system to the value of R4000 with Powerflow exhausts Sound of Summer giveaway.

Is Nurburgring back on track?

2012-08-02 11:27

THE 'RING'S LIFELINE: Germany's Nurburgring has received a state department bail-out as parties scrambled to keep the legendary circuit on the F1 calendar.

The embattled Nurburgring's Formula 1 future looks brighter this week after threats of insolvency.

Reports last week said F1 supremo Bernie Ecclestone could be the Nurburgring's saviour but when asked at the 2012 Hungarian F1 GP if he was buying the German track, Ecclestone told Der Tagesspiegel newspaper: "No. I don't think it is for sale in that way."

NOT OUT OF WOODS


The latest news from Germany, however, was much more positive. The Rhineland-Palatinate state government has reportedly agreed to guarantee a 254-million euro loan so that the Nurburgring can service its debts, Frankfurter Allgemeine Zeitung (FAZ) newspaper reports.

And Nurburgring Automotive GmbH (NAG) chief Jorg Lindner said: "I am very optimistic that F1 will be going to the Nurburgring next year (2013)."

FAZ said negotiations with F1 officials would take place over the summer period.

Ecclestone said: "We don't want to lose any of the racetracks, and we need to keep the race in Germany. We will do our best. It has surprised me that all these tracks in Germany have financial problems - maybe they gave all their money to the Greeks," he joked.

F1 chief executive Ecclestone was also asked about his comments ruling out buying the Nurburgring, to which he responded: "Let's wait and see. At the moment we are having talks."

He also said that if a solution for the Nurburgring could not be found, his sport would "go to Hockenheim" instead in 2013.

"We're also in talks for that," Tagesspiegel quoted Ecclestone as saying.

NEXT ON WHEELS24X

Read Wheels24’s Comments Policy

24.com publishes all comments posted on articles provided that they adhere to our Comments Policy. Should you wish to report a comment for editorial review, please do so by clicking the 'Report Comment' button to the right of each comment.

Comment on this story
2 comments
Add your comment
Comment 0 characters remaining

Inside Wheels24

Hot laps in Brazil as Nico takes win

It began with a stunning start and ended with private races between Mercedes Nico Rosberg and between Ferrari's Kimi Raikonnen and Felipe Massa - with Rosberg the winner.

There are new stories on the homepage. Click here to see them.