The German Grand Prix will be held at the Nurburgring, Bernie Ecclestone has confirmed.
It was feared the venue would not be in a position to host the 2013 race when Nurburgring GmbH, who are 90 percent owned by the German regional state of Rhineland-Palatinate, ran into financial trouble over leasing fees.
Fortunately a deal has been agreed with Ecclestone confirming the race will take place as planned at the Nurburgring on July 7, 2013.
"I treasure the Nurburgring and its history," Ecclestone said in a statement.
"In view of its long tradition, I was glad to support choosing the Nurburgring as the venue for the Formula One,"
The Nurburgring and Hockenheim have alternated as venues for the German Grand Prix in recent years.