The Nurburgring has now joined Hockenheim in confirming that it will not host a German Grand Prix in 2015.
Bernie Ecclestone, who said last week that the event was "dead," had been negotiating for weeks with both venues.
He had been hoping that Mercedes would step forward and underwrite the race – the company has always brought a lot of guests to its home race – but team boss Toto Wolff made it clear in Melbourne that it would not happen.
Nurburgring spokesman Pietro Nuvoloni told SID: "Due to time constraints, organisational and economic reasons, it makes no sense at this stage to stage the race."
He added that the track had "submitted a very detailed offer and also underlined in this willingness to wear a manageable possible financial loss.
"Because so far no agreement could be reached, we have now closed the window. We regret that very much."
Earlier this week Hockenheim said that there was no chance of a race.
In any case even had a deal been reached, at this stage it would have been impossible for either of the tracks to properly market tickets.
The German GP has figured in every world championship except in 1955 and 1960.