Mar 12, 2014, 7:48 PM EDT
The future of Germany’s iconic Nurburgring race track has apparently gone from cloudy at best to very sunny.
According to MotorAuthority.com, the track has been sold to German automotive manufacturer Capricorn, thus saving the legendary 16-turn, 5.148 kilometer/3.199 mile from potentially going out of business or even being scrapped and having its massive land area developed.
Track officials had declared the facility insolvent in 2012, but it continued to operate and host major events including Formula One’s German Grand Prix.
Capricorn is no stranger to the facility, according to Spiegel Online, with approximately 100 of its 350 total employees working in a factory on the grounds to produce pistons, camshafts, crankshafts and a variety of other engine parts.
Now that it owns the track, Capricorn is expected to further expand its production footprint, including a new technology center being planned.
Nicknamed “Green Hell” by F1 great Jackie Stewart, Nurburgring’s sale must still be approved by European Union regulators, but that would appear to be a mere formality, given the track had few other suitors to rescue it from its nearly two-year-old insolvency.
F1 president Bernie Ecclestone had made an offer for the track in mid-January, but Capricorn’s offer was reportedly significantly larger.
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Jul 27, 2014, 7:52 PM EDT
A world of differences make it impossible to weigh Jeff Gordon’s accomplishments at Indy against those of A.J. Foyt, Rick Mears, Al Unser Sr., and Michael Schumacher.
Jul 27, 2014, 6:52 PM EDT
INDIANAPOLIS – Jeff Gordon gave himself an early 43rd birthday present with Sunday’s Brickyard 400 win. Kyle Larson also gave himself an early birthday present – his 22nd will be Thursday – with a solid seventh-place finish in his first Brickyard.
Jul 27, 2014, 6:13 PM EDT
INDIANAPOLIS – It wasn’t quite the 1-2-3 finish they might have hoped for, but it was almost just as good for Joe Gibbs Racing’s three drivers in Sunday’s Brickyard 400 at Indianapolis Motor Speedway. Kyle Busch finished second to winner Jeff Gordon, followed by Denny Hamlin in third and Matt Kenseth was fourth.
Jul 27, 2014, 5:41 PM EDT
Rowdy continues his strong performance as of late with another P2 at Indianapolis.
Jul 27, 2014, 4:45 PM EDT
Kasey Kahne led a race-high 70 laps, but lost the Brickyard 400 lead to Jeff Gordon on a restart with 16 laps to go and faded to sixth.
Jul 27, 2014, 4:17 PM EDT
INDIANAPOLIS – It was an oldie but goodie performance as Jeff Gordon – seven days short of his 43rd birthday – rallied late to win Sunday’s 21st Brickyard 400 at Indianapolis Motor Speedway.
Jul 27, 2014, 3:00 PM EDT
One final round-up from the Hungaroring following Daniel Ricciardo’s supreme victory.
Jul 27, 2014, 2:53 PM EDT
A broken rear axle ended Danica Patrick’s day prematurely in Sunday’s Brickyard 400 at Indianapolis Motor Speedway.
Jul 27, 2014, 2:43 PM EDT
Strategy plays have been plentiful in the first half of today’s race at Indianapolis.
Jul 27, 2014, 2:00 PM EDT
Defending world champion has a quiet race at the Hungaroring; now 43 points behind Ricciardo in the drivers’ championship.
Jul 27, 2014, 1:15 PM EDT
Briton was asked twice to let Rosberg past, but he defied team orders on both occasions.
Jul 27, 2014, 1:03 PM EDT
“I have a deal moving forward. I can’t announce it yet. When all those pieces come together, it’ll be announced and we’ll talk about it.” – Edwards
Jul 27, 2014, 12:30 PM EDT
Big crashes for both Perez and Ericsson, but luckily neither suffered any injuries.
Jul 27, 2014, 12:00 PM EDT
Best result of the season for Ferrari with Alonso second and Kimi Raikkonen P6.
Jul 27, 2014, 11:55 AM EDT
By making announcement hours before Brickyard 400, team owner Jack Roush didn’t seem to do Edwards any favors.
Jul 27, 2014, 11:30 AM EDT
Championship lead shrinks by three points after finishing half a second behind Hamilton at the flag.
Jul 27, 2014, 11:00 AM EDT
Cuts the gap to Nico Rosberg by three points, leaving the gap at just eleven for the summer break.
Jul 27, 2014, 10:45 AM EDT
Red Bull driver won a sensational grand prix ahead of Fernando Alonso and Lewis Hamilton.
Jul 27, 2014, 10:33 AM EDT
Roush Fenway Racing announces that its 2015 Sprint Cup driver lineup will feature Greg Biffle, Ricky Stenhouse Jr., and Trevor Bayne.
Jul 27, 2014, 9:59 AM EDT
Australian driver claims a sensational win for Red Bull, the second of his F1 career.