F1: Austrian Grand Prix to return in 2014

VIENNA, Austria - Formula One will return to Austria in July 2014 after an 11-year break, F1 boss Bernie Ecclestone and Red Bull owner Dietrich Mateschitz said Tuesday.

The two men "have reached an agreement that Formula One will return to the (Austria region) Styria already next year, to the Red Bull Ring at Spielberg," a joint statement said.

The last time a Formula One race was held in Austria was in 2003, when Ferrari's Michael Schumacher took the chequered flag at the A1 Ring, as the since-modernised Spielberg track was then called.

The exact schedule for 2014 is due to be finalised by governing body the International Automobile Federation (FIA) in September, with Winter Olympics host city Sochi in Russia another new venue to be included.

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