Nurburgring wants better deal for new F1 contract

(GMM) Politicians of the local Rhineland-Palatinate state have indicated they want to sign a new contract to keep formula one at the Nurburgring beyond the expiry of the 2011 contract.

But the economics minister Hendrik Herring said the race is not to be retained "at any price".

The German news agency SID reports that the Nurburgring is hoping Bernie Ecclestone will agree to more favorable terms, as the F1 chief executive demonstrated earlier this year when he secured the future of Germany's other grand prix at Hockenheim.

"I hope and expect that more favorable conditions are granted for us," said prime minister Kurt Beck.