Wednesday 5 November at 17:59 : Nov.5 (GMM) Formula one officials are in discussions to return the category to North America, according to Honda team principal Nick Fry

Indianapolis hosted its last US grand prix in 2007, and the continent has now slipped off the calendar altogether with the recent demise of the Canadian grand prix at Montreal

But according to the US financial news service Bloomberg, talks are ongoing to reinstate American races by 2010

"I know that discussions are proceeding at pace on other venues in America and all the teams are extremely hopeful those come to fruition as early as possible," said Fry

The Briton said North America is a "vital market" for the car manufacturers and many of the sponsors involved in F1

Fry hinted that one venue has been slated near one of the biggest cities in the United States

"Going back to Indianapolis is one option," he admitted. "But from a brand point of view, to be on the East coast in New York or somewhere on the West coast would be better."n