The city invested $5 million
Hockenheim, whose German grand prix looked dead in the water for 2006, will host the formula one world in July this year.
After the latest crisis meeting in Stuttgart, a `solution` to stave off insolvency was found, according to mayor and circuit boss Dieter Gummer.
According to reports, the city invested $5 million into the circuit.
« There is a good chance that insolvency has been avoided », said Baden-Wurttemberg Prime Minister Gunther Oettinger, while it also emerged that Mercedes` Norbert Haug attended the summit in Germany.

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