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.''Copyright © 2005 The Associated Press. All rights reserved. The information contained in the AP News report may not be published, broadcast, rewritten or redistributed without the prior written authority of The Associated Press.