Super Street Network

 |   |   |  Nurburgring Sold to German Auto Parts Company
Subscribe to the Free
Newsletter

Nurburgring Sold to German Auto Parts Company

Capricorn Group buys famed Nurburgring for more than 100 million euros

Karla Sanchez
Mar 11, 2014

Just when we thought American investor group HIG Capital had it in the bag, German auto parts company Capricorn Group swooped in and won the bid for the famed Nürburgring. The company secured ownership of the 13-mile Nürburgring and all its 170 turns by paying more than 100 million euros (about $138.6 million) for the track.

Seat Leon Cupra 280 prototype Nurburgring front Photo 2/3   |   Seat Leon Cupra 280 Prototype Nurburgring Front

The Capricorn Group is a medium-sized business that specializes in automotive and aviation products and services, and it's become very familiar with the Nürburgring over the years. The company opened a production plant near the 'Ring in 2002, and its managing directors have always had a passion for the famed track. With that, Capricorn Group has invested 25 million euros ($34.7 million) of the 100 million it initially paid to expand the track into an "Automotive Technology Cluster." The Automotive Technology Cluster will focus on automotive technology and innovation with "the formation of networks with universities and colleges and leading companies in the automotive sector," while also helping spur economic development by creating several new jobs in the area.

Porsche 918 Spyder on Nurburgring rear side view Photo 3/3   |   porsche-918-spyder-on-nurburgring-rear-side-view-2

With the expansion will come structural changes, one of which includes knocking down the Formula 1-themed rollercoaster. The Eifeldorf Grune Holle hotel won't be around for much longer either, as the company has planned to make it the future site of the Automotive Technology Cluster. Capricorn Group will take full ownership of the 'Ring in January 2015, but until then, the track will continue with its regular racing, events, and hotel operations.

Source: Nürburgring

By Karla Sanchez
29 Articles

BROWSE CARS BY MARKET

MORE FEATURES

Preview the February 2019 edition of Super Street - our Calendar Issue - featuring an EK9 Civic Type R, 900hp JZA80 Supra RZ, the new Toyo Girls, and more!
Dec 13, 2018
Dubbed “Racing Through the Ages,” this collection of six special 570S MSO coupes and spiders pays homage to McLaren's racing heritage
Ed TahaneyDec 13, 2018
The tastefully executed exterior, sweet plaid upholstery, and an E30 M3 inline-six make this an almost perfect build
Ed TahaneyDec 12, 2018
With the sixth generation of the BMW 3 Series arriving in March, the incoming 330i is roomier, quicker, more adept, and a sharper performer.
ManufacturerDec 12, 2018
The $3.2 million Aston Martin Valkyrie will get a naturally aspirated 6.5-liter V-12 that makes 1,000 hp at 11,100 rpm
Alex NishimotoDec 12, 2018
Sponsored Links

SEARCH ARTICLES BY MAKE/MODEL

Search
CLOSE X
BUYER'S GUIDE
SEE THE ALL NEW
NEWS, REVIEWS & SPECS
TO TOP