F1 inks deal for 2012 US GP in Texas

A United States grand prix will once again feature on the formula one calendar.

In the midst of reports that New York was Bernie Ecclestone's favoured location, the sport announced late on Tuesday that Austin, Texas will in fact stage its first race in 2012.

The 10-year contract is for a "purpose-built" facility, F1 chief executive Ecclestone said in a statement, although details including an actual site, cost or race date were not released.

A report of the AP news agency said the venue would be built "within 10 miles" of Austin airport.