The Nürburgring went up for sale earlier this year and a new report is indicating several automakers have submitted bids.

The Nürburgring went up for sale earlier this year and a new report is indicating several automakers have submitted bids.

Restructuring director Prof. Dr. Thomas B. Schmidt declined to go into specifics but told Reuters he has received a "sufficient number of legitimate non-binding bids for all the Nürburgring assets." The bids are currently being assessed and Schmidt hopes to have a deal completed by early next year.

There's no word on who the bidders are but BMW, Daimler and Volkswagen all declined to comment when asked if they submitted an offer. If one of the automakers were to purchase the Nürburgring, they would have to keep the track open to the public and other automakers.

As we have previously reported, the Nürburgring's assets - including the Nordschleife, the Grand Prix track and the Eifeldorf hotel - are expected to fetch more than €120 ($165) million.

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