The German Grand Prix is set to remain a biannual event with no deal reached that would see the race remain on the Formula 1 calendar in 2019.
In three weeks time, Hockenheim will once again welcome the sport back to Europe's most powerful country, as it has done every two years since 2014 after the Nurburgring pulled out of sharing the hosting duties in 2013.
Hopes had been raised that either the latter could revive their role under new ownership or that Hockenheim could reach a suitable arrangement could be made with new F1 owners Liberty Media, with CEO Chase Carey talking up the importance of historic races, but neither is likely to happen.
“We are not surprised but of course it’s a great pity,” Hockenheim boss Georg Seiler said to Sport Bild.
“We talked with Liberty Media but made it clear time and time again that we are interested in continuing only if the financial risk is minimised.
“We have not been able to reach a viable model at least for the upcoming season.”
Claims are the F1 bosses prioritised the second race in America, scheduled to take place in Miami but is facing opposition, over finding a solution for the German GP.
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However, asked if the race is likely to return to the once formidable Hockenheim in 2020, Seiler was more upbeat.
“The goal remains a fundamentally changed business model,” he added.
“To what extent our ideas can be aligned with those of Formula 1 in the future, we will see.”
