All revved up and nowhere to go?

And it's not only the boys and their toys that fear being left without a place to race if the track closes in January. The riders of the nation's sole all-female motorcycle racing team, Team Wutien (武田車隊), are also concerned about the possible closure of the circuit.

"It's a shame and it could see the sport either disappear completely or go underground. Either way it will be devastating," said Chang Hao-ling (鄭豪玲). "People will race on the roads, which is dangerous and illegal or [motorcycle racing] will die out in Taiwan and people will have to go to China or Malaysia to race."

It's not all bad news for Taiwan's racers, however, as come December the CTMSA is expected to announce plans for a multi-million dollar circuit. The Taiwan motor sport association's CEO is keeping tight-lipped about the possible whereabouts of the track, but according to Yeung the circuit could put Taiwan on the global motor sports map.

The track will likely not meet Formula 1 requirements, but it could meet international standards, and be built in cooperation with established race circuit developers from Europe. And it could hold events like the Superbike World Championship.

"It's a question of making a new circuit pay. Over the years we've managed to make Longtan pay, even though we've never made a huge profit," Yeung said. "Building a race track capable of hosting international events is very different. I can't say too much at the moment, but if we build it, then it will be more than just a concrete oval with a few bends."