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US GP in Austin back on track?
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The US GP in Austin may soon have its 'subject to confirmation' status finally removed from the 2016 Formula 1 calendar. Organizers of the American race scheduled for October 23 at the Circuit of the Americas in Texas will be hosting a news conference today where it is expected the race will be confirmed, although no details have emerged. The event ran into to financial trouble at the end of last year as it was hit by a double whammy. For starters, the 2015 race was washed out by horrendous weather which severely impacted revenue. But shortly later, Texas announced that subsidies fed to event's promoters would be scaled back to around $ 19.5 million from $ 25 million, a decision...
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