The Chinese and Malaysian rounds of A1GP have been cancelled because the series' rescue package has not materialised in time.
The scrapping of the races at Zhuhai and Sepang follows the cancellation of the opening round at Surfers Paradise in Australia last month.
This week's AUTOSPORT magazine reports that A1GP's administrator is hoping to sell the entire fleet of cars to someone wanting to continue the series, although the cars will need to be modified to meet the FIA's latest head-restraint and side-impact regulations.
Several key A1GP personnel have now left the company and the series' equipment has been put into storage after the lease on its hangar at Silverstone expired last week.