19 Jan 2012

Nuerburgring eyes 2013 race despite layoffs

11:02 am on 19 January 2012

Operators of Germany's Nuerburgring are in talks with Formula One chief Bernie Ecclestone over a deal to host the 2013 grand prix despite cutting around 100 jobs at the circuit.

Nuerburgring hosts the German Grand Prix every second year, alternating with Hockenheim.

It last staged the race in 2011, with Hockenheim the venue for this year's grand prix in July.

Nuerburgring Automotive GmbH (NAG) spokesman Karl-Heinz Steinkuehler says more talks were expected within the first quarter of 2012, adding that the commercial future of the Nuerburgring track was secure despite the loss of some 92 jobs and ongoing negotiations over what NAG says are the excessive leasing costs of the facilities.