The driver's biggest mistake is that he comes in way too hot into a right-handed corner. The Clio RS ends up with all four wheels in the sand trap. The left tires are loaded by he cornering forces, so when he steps off the gas, the car spins out. Fortunately, there was nobody around him and he crashed in an area where the Nordschleife was wide enough.
We believe the car being nearly crashed here is the Clio RS 172 and Renault fans are probably going to tell us we're wrong. But, it's clearly a second generation Clio with the facelift and without the twin pipe exhaust system of the later 182. Regardless of the exact version, this driver is lucky he didn't crash because hot hatches of that era didn't have a lot of airbags.