The race's organisers, next scheduled to host the country's single formula one grand prix in 2010, are set to announce on Wednesday whether a solution to the growing losses from the event has been found.

Mercedes-Benz and BMW have ruled out stepping in to safeguard the future of the embattled German grand prix at Hockenheim.

The race's organisers, next scheduled to host the country's single formula one grand prix in 2010, are set to announce on Wednesday whether a solution to the growing losses from the event has been found.

The local government, as well as Bernie Ecclestone, have ruled out coming to the rescue, and now the two German carmakers involved with formula one have joined the Hockenheim snub.

"We are the competitors of formula one, not the organisers," BMW-Sauber team boss Mario Theissen is quoted as saying by the German news agency SID.

Mercedes' Norbert Haug gave a near-identical answer, and another car manufacturer - Volkswagen - has also ruled out financial support for the venue located in the German state Baden-Wurttemberg.

 

Be part of something big