The latter one segways into Bond, as it is a film directed by some of the guy supervizing the ski chases in a Bond and with Roger Moore. The film is a stunt fest under the pretext of a Xtreme sports competition hosted by Moore for solving bankruptcy, filled to the gills with product placement from Milka, Grundig, Paulaner Bier, VW (and Chiquita. With actual South American comic relief)... For some reason, there's a sequence of the different teams presentation filled with real stars (that do not appear anywhere else) : Niki Lauda, Isaac Hayes, Dennis Conner, etc...
It's actually pretty enjoyable for the crazy stunt work, terrible songs and for fans of German heavy-industry.