Formula 1 preparations for 2014 Austrian GP begin 3 September, 2013 Aerial view of the Red Bull Ring Work to prepare the Red Bull Ring, formerly known as the A1-Ring, for its return to the Formula 1 calendar next year has begun. Now owned and rebuilt by the energy drink company, the Austrian Grand Prix circuit in the Styria region of Austria is now called the Red Bull-Ring. Austrian radio ORF said that construction work to get the venue ready for Formula 1 next year is now underway. A spokesman for the Red Bull Ring operator Projekt Spielberg GmbH confirmed the report. It was announced in July that Dietrich Mateschitz and Bernie Ecclestone had agreed a provisional deal to return Formula 1 to Austria on July 6 next year. Kleine Zeitung newspaper subsequently reported that the 2014 race will in fact take place a week earlier than that, on June 29. The same newspaper now reports that an embankment on the front straight is currently being removed. (GMM) Subbed by AJN. Reports on GrandPrix247.com by: staff & contributors, Reuters syndication, GMM service, Formula 1 teams, sponsors & organisations.