US Grand Prix included in F1 calendar for 2012

By the Associated Press | December 7, 2011 | 7:06 AM EST

PARIS (AP) — The U.S. Grand Prix has been included on the 2012 Formula One calendar, despite fears the race in Austin, Texas, could be cut for financial reasons.

The sport's governing body says on its website that the 2012 "calendar was confirmed as previously published."

The F1 calendar was approved Wednesday at a World Motor Sport Council meeting in New Delhi, India.

Last week, F1 boss Bernie Ecclestone gave U.S. Grand Prix organizers an extra week to save the Texas race by proving they have the necessary finances in place.

Financial backers of the race in Austin include billionaire businessman Red McCombs. The race is scheduled for Nov. 16-18 and marks F1's return to the United States for the first time since 2007.