The famous, inimitable, and dangerous Nürburgring is in a heap of financial trouble and looks to be entering bankruptcy.

As we reported yesterday, it was revealed that the Nurburgring, which has been in financial trouble for quite a long time, is going to have to enter bankruptcy proceedings. Ill advised investments in a large shopping complex and a dangerous roller coaster are the culprits for the precarious situation.

It may be the most famous race track in the world to enthusiasts, but Germany's Nürburgring has been in peril for the last two years because of the public track's private management. Since November we've promoted the call to "Save The 'Ring" for another generation of car lovers, and today we've finally got some good…

Reports of the Ring Taxi's demise — formerly shuttling enthusiasts around the Nürburgring under control of blonde motoring goddess Sabine Schmitz — were half right. Schmitz and her M5 are gone, with inferior Sabine-less BMW M3 Nürburgring Taxis replacing it. Update!

Thanks to a financially shaky public-private deal, the Nürburgring complex is under threat from 350 million euros in debt. This German TV report shows how the private managers have responded — by strong-arming business from locals, including Sabine Schmitz. [SaveTheRing.org]

Despite the pleas of enthusiasts and Sabine Schmitz, efforts to Save The Nürburgring are still being hampered by a half-billion Euro ghost town — and a faulty rollercoaster. [Axis of Oversteer]

If you didn't believe us last month when we said you need to Save The Nürburgring, perhaps you'll listen to the lovely and talented Sabine Schmitz and then join the Save The Ring Facebook page.

In this excellent vintage footage, the layout of the Nürburgring is explained via F1 car. Equally amazing is how slow these F1 cars look today and how dangerous it must have been driving one.

Germany's Nürburgring is the world's automotive playground. A public park for gearheads. Sadly, it's been handed over to privateers who've put the entire 'Ring at risk. Michael Frison of 20832.com explains why we need to save the Nürburgring! — Ed.