Apr.16 (GMM) The future of the Nurburgring's Formula One race beyond this season is unclear.

Earlier, even the circuit's 2013 Grand Prix was in doubt, as the Nurburgring grappled with financial problems.

Nürburgring signage
Nürburgring signage

Photo by: XPB Images

Ultimately, a solution was found when the Automobilclub von Deutschland (AVD) - usually affiliated only with Germany's other venue, Hockenheim - stepped in.

"Yes, we will host the Grand Prix," a spokeswoman confirmed. "It was finalised in the past week."

But Speed Week reports that the AVD's contract to host Formula One at the Nurburgring in 2013 is for one year only.

The AVD spokeswoman confirmed: "The contract is valid for this year, just because we don't know how it will proceed with the Nurburgring (beyond that)."