Nov.17 (GMM) FIA official Charlie Whiting has inspected the reconstructed A1-Ring and approved it for events up to formula one standard.

That is the news of the Austrian newspaper Kleine Zeitung, reporting that the former venue of the Austrian grand prix has been renamed 'Red Bull Ring'.

The track in Zeltweg was demolished after its final F1 race in 2003 and was recently rebuilt by Dietrich Mateschitz's energy drinks company.

It is set to be reopened in mid 2011 and is slated to host a range of motor racing categories including DTM, F3 and Formula 2.

"Red Bull's world championships are the best advertisement for the race track in Spielberg," said the Kleine Zeitung report.

A major hurdle for the Red Bull Ring, however, is the circuit's noise quota, with an F1 race meaning few other events could be held to make the venue profitable.

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