American F1 team signs off on European base

Nov 4, 2009 - 5:44 PM ZARAGOZA, Spain(AP) -- American Formula One team USF1 has signed an agreement to make Spain's Motorland Aragon race complex its European base for the next three years.

Team principals Ken Anderson and Pete Windsor signed off on the deal with Aragon province representatives Wednesday.

Anderson said the deal was perfect "from both competitive and business perspectives."

USF1, which is headquartered in Charlotte, N.C., said it will use the soon-to-be completed track as a "European testing, race-car development and logistics headquarters."