Mexico City - If you are a Formula One car racing fan, this year might be your last chance to attend Mexico City's Grand Prix, as the new government's plans might put an end to Mexico's premier auto competition.

Claudia Sheinbaum is Mexico City's recently inaugurated mayor, and a member of Morena, the left-leaning ruling party that swept Mexico's elections last year.

And, as part of Morena's promise of austerity, Sheinbaum announced that the federal government will stop paying the $21 million fee for the Formula One Race in Mexico City.

Sheinbaum says this year's race has been paid already, but next year's funds will be used to build a tourist train in southern Mexico.

The mayor stated that the government and the F-1 promoters in Mexico are looking for budget alternatives to keep the Mexican Grand Prix.

Critics say the cancellation of the F-1 will bring a big loss in tourism income, but supporters consider it a smart move to save taxpayer money.