Argentina pushing to revive Formula 1 race

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Formula 1 could return to Argentina in the future following the government’s decision to pursue the revival of its grand prix.

The Argentine Grand Prix was last held back in 1998 in Buenos Aires, but recently there have been rumors of a return as the sport continues to increase its presence in Latin America.

In an interview with news agency EFE, tourism minister Gustavo Santos confirmed that bringing F1 back to Argentina was seriously being considered.

“These are tests that have a cost and a complication, but we have decided to pursue this and other major events,” Santos said.

“It would strengthen our brand and positioning.”

Lotus deputy team principal Federico Gastaldi has long campaigned for a return to Argentina, while F1 CEO Bernie Ecclestone has also said in the past that he is open to the race being revived.

Argentina has strong ties to F1 thanks to the success of Juan Manuel Fangio, who won five world championships back in the 1950s – a record that has only been beaten by Michael Schumacher.

Currently, the Autodromo Termas de Rio Hondo is Argentina’s leading motorsport facility after being rebuilt to host MotoGP from 2014.