Pursuits
Nuerburgring Formula One Race Track Sold to Car-Parts Maker
This article is for subscribers only.
The Nuerburgring, the German race track known as Green Hell for its challenging Formula One course, was bought by an auto-parts maker two years after the former owner and operator filed for bankruptcy protection.
The acquisition by Capricorn Group values the 379-hectare (937-acre) property at more than 100 million euros ($139 million), lawyers managing the insolvency of owner Nuerburgring GmbH said yesterday in a statement. That includes 25 million euros that the Dusseldorf-based buyer will spend to further develop the site.