Speed looking for drive in America

Speed, the first American driver to race in Formula One since Michael Andretti in 1993, was sacked from the Italian squad following the European Grand Prix. He was replaced by German Sebastian Vettel.

The Californian is now considering his options for the future, and he reckons his Formula One experience will help him, as he believes he has become a better driver.

"Over he past five years I have had the privilege of driving at the some of the most challenging and exciting racing circuits in the world," Speed wrote on his website.

"It did not always go the way I wanted but Formula One racing has been a great experience for me and I really appreciate the support from all of my fans. It has made me stronger, smarter and a better racer.

"Unfortunately, Toro Rosso's decision to remove me from my racing seat prematurely has left me to consider many other new opportunities in my racing career. As I approach the question of 'what's next?,' I wanted to begin with those who have been the most supportive of my talents and potential.

"As such, Red Bull Austria was the natural choice. I have had a great meeting with Dietrich Mateschitz, who became very excited about the possibility of my racing back in the good ol' USA. We will see where it leads.

"I am coming back to America on a fact-finding, looking at the various racing series, and talking with some of the top American teams. Initial interest has been positive so I look forward to having some productive chats and finding the right fit for me."