Circuit of The Americas announced that they have reached an agreement with Formula One Management that ensures the Formula 1 United States Grand Prix remains on the FIA Formula 1 World Championship race calendar.

Circuit of The Americas began an intensive paving process that is required to prepare the racing circuit and entire facility for the inaugural 2012 Formula 1 United States Grand Prix, scheduled for Nov. 16-18.

Circuit of The Americas entered the record books as the first purpose-built Formula 1 racetrack in the country to host its own Grand Prix. An exuberant crowd packed the new facility to watch Vodafone McLaren Mercedes’ Lewis Hamilton claim his fourth Grand Prix of the season and his second United States Grand Prix victory in five years having won the 2007 Formula 1 race last hosted in Indianapolis. Red Bull Racing’s Sebastian Vettel, current points leader in the drivers’ standings, was second with Ferrari’s Fernando Alonso third. McLaren was awarded the constructor’s trophy for Austin’s inaugural event.