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Page last updated at 17:25 GMT, Wednesday, 30 September 2009 18:25 UK

Hockenheim holds on to German GP

Hockenheim will next stage the German GP in 2010

Hockenheim will continue as one of Germany's two Formula 1 circuits until at least 2018 after an agreement was reached over the track's F1 future.

Formula One Administration (FOA) and circuit chiefs have agreed a deal to cover any loss the event makes.

A statement on read: "The FOA and the Hockenheim-Ring GmbH will share in the entrepreneurial opportunities and risks of the event."

Hockenheim, which alternates with the Nurburgring, first held the GP in 1970.

Promoters have predicted a 6m euro (£5.5m) loss on next year's Grand Prix.

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see also
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Hamilton dominates in Hockenheim
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Rival circuits to share German GP
27 Sep 06 |  Formula 1
Hockenheim, Germany
17 Feb 06 |  Circuit Guide
German tracks consider F1 merger
29 Dec 05 |  Formula 1