Is this the end of a legend?

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#1 Wed, 07/18/2012 - 16:52
Fitzy's picture
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Is this the end of a legend?

The Nurburgring is broke. The future of the historic track is in doubt.

http://i.autoblog.com/2012/07/17/nurburgring-goes-bust-eu-not-planning-t...

Wed, 07/18/2012 - 17:09
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Yea I was reading about this earlier today.  They owe like 300 mil and the track's estimated worth is ony 160 mil.  I hope they can save it.

Wed, 07/18/2012 - 17:12
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Shhhhh don't tell Gizzie he might get upset.

Wed, 07/18/2012 - 17:13
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That would be a tragady...Jaysus the banks can lose billions and we may lose this for the sake of a few million? thats fucked up.

Wed, 07/18/2012 - 22:58
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Thu, 07/19/2012 - 01:33
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It was about year a go when there was a address for saving this track, guess it didn´t work out too well...Hope it will be saved!!!

Thu, 07/19/2012 - 01:57
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time to get more  racing series back there :D Nur 24 Hours!

Thu, 07/19/2012 - 03:01
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Hello,

yes ..... bankers get billions of euro ..... taxpayers solving problems, which are not their responsibilty ....... it feels like, we pay everything ....... EU, Greece, Afghanistan, war,...... and .........

I think, the Ring can be the next historic monument, which "they" will let die!

JDANKERT

 

PS: They (politicians, bankers,.......). I am far away from those "Illuminati"-things, but our german political and economical system fails everyday. More and more.

Thu, 07/19/2012 - 05:04
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Well in politics you have a bunch of lawyers trying to be financial experts and they can't get it through their damn heads that they suck at it. 

Thu, 07/19/2012 - 08:58
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Truly Sad!!!!

Thu, 07/19/2012 - 09:02
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I'm going to go cry now.

Thu, 07/19/2012 - 14:51
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Iam sure a car manufacture will buy it.

 

Shut all the extras down or sell them off and just keep the track.

 

There are a few that might buy it (Especially Audi).

Fri, 07/20/2012 - 14:41 (Reply to #12)
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ChurchPro wrote:

Iam sure a car manufacture will buy it.

There are a few that might buy it (Especially Audi).

+1

Thu, 07/19/2012 - 15:07
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I think if all the major players in the auto industry were to chip in some chump change the bill could be paid but that's asking a lot.
Fri, 07/20/2012 - 16:21
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You know, if anyone buys it, it'll be Volkswagen...

Fri, 07/20/2012 - 16:25 (Reply to #15)
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oldschoolsmart wrote:

You know, if anyone buys it, it'll be Volkswagen...

 

He He

 

 

Divisions, subsidiaries and marques

The Volkswagen Group comprises 12 active automotive and motorcycle companies, and their corresponding marques:

Germany AUDI AG, the Audi Group, and the Audi marque
99.55% ownership; the Audi marque is the sole active marque of the former Auto Union, bought from Daimler-Benz on 30 December 1964.
Audi AG wholly owns the private high performance subsidiary company, quattro GmbH.
United Kingdom Bentley Motors Limited,[3] and the Bentley marque
100% ownership by Volkswagen AG; the company (at the time known as Rolls-Royce & Bentley Motors Ltd.) was bought on 28 July 1998 from Vickers, but did not include the 'Rolls-Royce' brand name. From July 1998 until December 2002, the Group's Bentley division also sold cars under the Rolls-Royce marque, under an agreement with BMW, which had bought the rights to the Rolls-Royce name, but not the Rolls-Royce operations. From 2003, only BMW has been able to make cars under the Rolls-Royce marque.
France Bugatti Automobiles S.A.S., and the Bugatti marque
100% ownership via the Volkswagen France subsidiary, Bugatti Automobiles S.A.S. was created after Volkswagen Group purchased the right to the Bugatti marque.[35]
Italy Automobili Lamborghini S.p.A.,[3] and the Lamborghini marque
100% ownership by Audi AG; company was bought in June 1998.
Germany Porsche AG, and the Porsche marque
Volkswagen AG purchased 49.9% of the shares in Porsche Zwischenholding GmbH (the holding company of Porsche AG) in December 2009.[36]
Italy Ducati Motor Holding S.p.A.,[3] and the Ducati marque
100% ownership by Audi AG; company was bought in April 2012.
Spain SEAT, S.A.,[3] and the SEAT marque
100% ownership since 1990; initially in 1982 a co-operation agreement with Audi AG; 51% and 75% ownership in 1986, being the first non-German subsidiary of the Volkswagen Group.[16]
Japan Suzuki Motor Corporation,[3] and the Suzuki marque
Volkswagen AG completed the purchase of 19.9% of Suzuki Motor Corporation's issued shares on 15 January 2010, Volkswagen AG is the biggest shareholder in Suzuki.
Czech Republic Škoda automobilová a.s.,[3] Škoda Auto, and the Škoda marque
100% ownership since 2000; initially in 1991 a co-operation agreement and 30% ownership;[16] 60.3% and 70% ownership on 1994 and 1995 respectively[18]
Germany Volkswagen Passenger Cars, and the Volkswagen marque
the founding marque of the company, 100% ownership.
Germany Volkswagen Commercial Vehicles (VWCV), or GermanVolkswagen Nutzfahrzeuge (VWN)
100% ownership; started operations as an independent entity in 1995. VWCV/VWN is in charge of all commercial vehicle developments within the Group, and has control over Scania AB and MAN SE.
Sweden Scania AB,[3] and the Scania marque (controlling shareholder)
Acquired July 2008 becoming the 9th marque of the Group,[1] 89.2% of voting rights as of 31 December 2011.[37]
Germany MAN SE, and the MAN marque (controlling shareholder)
Acquired July 2011 becoming the 10th marque of the Group, 75.03% of voting rights as of 6 June 2012.

The Group also owns five inactive marques which are managed through the companies Auto Union GmbH and NSU GmbH, both of which are 100% owned by Audi AG:

  • Germany Auto Union (the Auto Union company, together with NSU Motorenwerke AG (NSU), were merged into "Audi NSU Auto-Union AG" in 1969. The name was shortened to "Audi AG" in 1985, and the interlocked four-ring badge from Auto Union is still used by Audi AG).
  • Germany NSU Motorenwerke AG (NSU) – bought in 1969 by Volkswagen AG, and merged into Audi AG; the NSU brand has not been used since 1977, whilst the former NSU manufacturing plant atNeckarsulm is still used for Audi assembly. However, the current Audi AG shares trade under the ticker symbol "NSU".

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