Hours after Austin City council voted to officially endorse the 2012 United States Grand Prix, the Circuit of The Americas has announced a five-year agreement to host Australian V8 Supercars.

"While Texas has established itself as the nation's place for business, it's quickly becoming the nation's place for big sporting events, as well," said Governor Rick Perry. "V8 Supercars now joins Formula One, MotoGP, NASCAR, the NFL, NBA, NCAA and USTA, among the many that have chosen Texas to host major events in the last few years. This is more good news for the Lone Star State, and will provide a significant boost to the economy of Central Texas."

"The addition of V8 Supercars into our lineup at Circuit of The Americas will add to what we already know will be a rich and exhilarating fan experience," added Steve Sexton, President of Circuit of The Americas. "We're thrilled the racing world is so excited about our facility. Austin is poised to become the premiere North American destination for international motorsports. In addition to hosting the 4 wheel and 2 wheel world championships, the United States will now enjoy the world's best touring car series here in Austin."

V8 Supercars is among the fastest growing motorsports in the world and the FIA recently sanctioned it as an international series. It is enormously popular in Australia and New Zealand and will be making its first entrance into North America at the Circuit of The Americas.

V8 Supercars joins the already existing 10-year agreements Circuit of The Americas has to host the United States Grand Prix beginning in 2012 and MotoGP World Championship beginning in 2013. This first purpose-built Grand Prix facility in the United States is currently under construction in Austin, Texas.

"I can't describe how excited we are to bring the V8 Supercars race to such a spectacular facility. With Formula 1 racing, MotoGP and now V8 Supercars, it's obvious Circuit of The Americas will be a top-notch destination that houses the best racing on earth, and we are thrilled to be a part of it," said Tony Cochrane, Chairman of V8 Supercars.

"We have expanded V8 Supercars' geographical influence over the past few years with plans to stage up to six races each year to complement our existing events in Australia, New Zealand and the Middle East," added Cochrane. "Our entrance into the United States marks a new day for the series and we're excited for Americans to experience what has made V8 Supercars so popular in many places around the world."

Formerly the Australian Touring Car Championship, the current series was devised in 1993 and branded as "V8 Supercars" in 1997. The cars are based on modified versions of Australia's two most popular - and most rivaled - passenger cars, the Ford Falcon and Holden Commodore.

V8 Supercars continues as one of Australia's largest sports both in attendance and television viewership. In 2010, approximately 1.7 million people attended V8 Supercars events, including V8 Supercars' 20 millionth spectator at the Supercheap Auto Bathurst 1000.