HindustanTimes Sat,27 Dec 2014
Germany's Nuerburgring circuit faces insolvency
Berlin, July 18, 2012
First Published: 18:10 IST(18/7/2012)
Last Updated: 18:14 IST(18/7/2012)
The Nuerburgring circuit currently alternates the hosting of the German GP with Hockenheim. Getty Photo

A German news agency reports the Nuerburgring circuit, which has hosted Formula One's German Grand Prix, will launch insolvency proceedings.

The state government in Rhineland-Palatinate, which owns financially troubled operating company Nuerburgring GmbH, decided on the move on Wednesday, the dapd agency reported.

State governor Kurt Beck said the reason was that the European Commission wasn't expected to quickly approve planned government aid of €13 million ($16 million).

The German GP has alternated in recent years between the Nuerburgring and Hockenheim. Next year's race is at Hockenheim.

The Nuerburgring Grand Prix circuit has been used for F1 since 1984, when it was created after altering the Southern section of the full circuit that is in excess of 25 km in length.

The northern part of the circuit, known as the Nordschliefe, was last used for F1 in 1976 and hosted it's last ever sportscar race in 1982 after safety fears forced the alteration of the circuit.

comment Note: By posting your comments here you agree to the terms and conditions of
blog comments powered by Disqus

F1 car vrooms on Rajpath
more »

In the know
Every racer's first step

In this week's column, I thought I would look at the most basic form of motorsport  - Go-Karting. When I was 6 year's old, my parents gave me a small cadet kart as a birthday present. Karun Chandhok writes.

In The Know
One for the road...

As I write on board the flight to Singapore for the Grand Prix, I thought it's a good time to go slightly off track with this week's column and talk about the travel in F1! Karun Chandhok writes. Going the distance
more »

Never thought I'd race in an Indian GP, says Narain

Narain Karthikeyan
"Since the day I started racing, I dreamt of being in the Formula One," said Narain Karthikeyan. "But never in my wildest dream did I think of racing in an Indian GP." That's how the country's first F1 racer wants to sum up his excitement about the upcoming event next month. "It's going to be the most special thing in my life," he added.

Formula One driver regimen

It’s not all glamour for the Formula One drivers who endure demanding conditions while in the cockpit. They’re subjected to incredible wear-and-tear. HT reveals their fitness regimens.

more »
Copyright © 2014 HT Media Limited. All Rights Reserved