When the Nürburgring was forced into bankruptcy last month, the future of the storied racetrack looked bleak, at best. No one knew what would happen to the circuit, whose operators (Nürburgring GmbH) found themselves some $490 million in debt to a Rhineland-Palatinate bank.
Now comes word from AutoWeek that the ‘Ring may have gotten a reprieve, at least temporarily, from the Rheinland-Palatinate state legislature. Its budget committee has approved a $312 million loan guarantee, which will allow the circuit to service its existing debt and continue operation.
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