After being shortened, rebuilt and renamed A1-Ring, it again hosted races from 1997 through 2003.
The track is located in Spielberg, Styria. The old Österreichring was more often referred to as being located at Zeltweg, which is bigger and better known. However, the circuit was never relocated, only modified.
In addition, the one-off 1964 Austrian Grand Prix was held at Zeltweg Airfield, so this name was already known.
Mainly due to safety concerns, the track was abandoned by Formula One for nearly a decade. The circuit was totally rebuilt, at the same site, by Hermann Tilke in 1995 and 1996. The circuit was shortened from 5.942 km to 4.326 km (2.684 mi), the fast sweeping corners replaced by three tight right-handers, in order to create overtaking opportunities for F1. Its three long straights, as well as a twisty infield section, asked for a setup compromise.
Renamed A1-Ring (after a sponsor, the cellphone provider A1), the Formula One Austrian Grand Prix was held on it from 1997 to 2003.
| Season | Date | Winning Driver | Winning Team | Report |
|---|---|---|---|---|
| 2003 | May 18 | Michael Schumacher | Ferrari | Report |
| 2002 | May 12 | Michael Schumacher | Ferrari | Report |
| 2001 | May 13 | David Coulthard | McLaren-Mercedes | Report |
| 2000 | July 16 | Mika Häkkinen | McLaren-Mercedes | Report |
| 1999 | July 25 | Eddie Irvine | Ferrari | Report |
| 1998 | July 26 | Mika Häkkinen | McLaren-Mercedes | Report |
| 1997 | September 21 | Jacques Villeneuve | Williams-Renault | Report |
The grandstands and pit buildings were demolished in 2004, rendering the track unusable for any motorsport category. In later 2004 and early 2005, there were intense discussions whether the owner, Red Bull, would find another use for the site or actually bring back motor sports to it. However, as of January 2005, this seems more unlikely than ever, as Dietrich Mateschitz publicly announced that he had no intention to waste money on a deficitary circuit. This failure of the project, which was of considerable importance for the surrounding municipalities, may even have serious political repercussions, as Styrian governor Waltraud Klasnic had strongly supported the project.
In 2006, Austrian racing driver Alexander Wurz claimed he would buy the circuit and have it renovated, but little has come about this.
During the whole of 2005 there were speculations of Red Bull Racing renovating the track and using it as a personal testing track in Formula One. It remains to be seen if Mateschitz and his Red Bull Racing will do something about the abandoned track.
In 2007, talks involving Red Bull, KTM, VW and Magna International for a neuer Österreichring have failed after VW pulled out. .
In April 2008 the current owners of the track , Red Bull, was to restore the track as a racing venue and DTM Chief were considering to return there for a race in 2009. but in July 2008, the DTM organizers have decided not to include Österreichring into the 2009 program, although plans for the revival of the track are still under discussion
In October 2008, the track owner Dietrich Mateschitz has ruled out any chance for the track to host an MotoGP or a Formula 1 Grand prix in the future, but it will only be used for DTM races. The track rebuilt will be finished by the end of 2010.