Fans of motorsport around the world have been experiencing low-level anxiety over the future of the Nürburgring for years now. In 2012, the track declared insolvency
, and it looked like it might be shuttered, or worse, scrapped. But those fears may be resolved now that the German automotive company Capricorn has purchased the facility.
Capricorn already has its own presence at the Nürburgring, reports Spiegel Online
, with about 100 of its 350 employees working in the on-site factory to produce crankshafts, camshafts, pistons, and other engine parts. Capricorn reportedly has plans to expand its operations at the Nürburgring now, with a technology center in the works. Rumors that the Capricorn group may focus its plans for the Nürburgring on industry testing and development are also circulating, leaving the status of the public lapping days unclear.
The purchase of the Nürburgring must still be approved by EU regulators, but the outlook for finalization of the sale is good. Other bidders had previously been rumored to be the next owners, including U.S.-based HIG Capital, and, at one point, F1 supremo Bernie Ecclestone.
With the Nürburgring now apparently in safe, motorsport-loving hands, those of us who have yet to drive their laps of the Green Hell
may still get the chance. And that's something we can all be happy about._______________________________________Follow Motor Authority on Facebook, Twitter, and Google+.