The German teenager showed he is ready to come of age in Formula One by shining in free practice for his race debut in Sunday's US GP.
The F1 supremo told US Grand Prix organisers that he could take the race elsewhere if he cannot agree a new deal with Indianapolis.
The FIA said its world motor sport council had voted overwhelmingly to wipe the slate clean after examining new evidence.
Former triple Olympic champion Marion Jones was cleared of doping on Wednesday after her 'B' sample tested negative for the banned blood-boosting drug EPO.
The positive test of Jones's A sample is believed to have occurred at the June U.S. championships in Indianapolis.
The seven-times Formula One world champion made clear that he could not see the attraction of NASCAR.
The Ferrari driver's main aim is to prevent Fernando Alonso from chalking up a fifth successive win.
Formula One will not subsidise any race there despite last year's fiasco at Indianapolis, according to Bernie Ecclestone.
Sunday's Chinese Grand Prix will be the 1,000th race of the Formula One world championship since the first at Silverstone in 1950.
Arsenal and six of their players, as well as two Manchester United players, were today charged by the Football Association following the ill-tempered goalless draw at Old Trafford.
A summary of sports events and sports persons, who made news on Friday
Vettel will be sharing Ferrari testing duties with the 20-year-old at Bahrain's Sakhir circuit next week after the second grand prix of the season.
Top seed James Blake recovered from a shaky start to beat Andy Roddick 4-6, 6-4, 7-6 in the final of the Indianapolis International Championship on Sunday.
Roddick will be hoping to win his first trophy since Lyon last October. He holds a 6-1 record over Blake, his poker-playing partner.
The world number two retained the RCA Championship title with a comfortable 6-2, 6-3 victory over Germany's Nicolas Kiefer.
David Coulthard warned that Formula One drivers could go on strike if their safety concerns are ignored.
Tracy McGrady scored 37 points as the Houston Rockets fought back from three losses to beat the Dallas Mavericks 101-83 in the NBA playoffs on Thursday.
Despite testing positive, the Grand Slam's tournament director said he will be allowed to play in the year's first Grand Slam event.
Britain's Katherine Legge will test for Minardi in Italy at the end of next month
Kimi Raikkonen will start Sunday's British Grand Prix from pole position after a flying qualifying lap that showed McLaren were back in business.
Summary of sports events and persons who made news on Wednesday
Taylor Dent and Robby Ginepri will contest the first all-American final in Indianapolis since Pete Sampras beat Jim Courier 13 years ago.\n
Austrian Christian Klien will race the next four Grands Prix for Red Bull and probably the two after that as well
Michael Phelps, who won six Olympic gold medals last month, will try to repeat his Athens performance at the seventh FINA world swimming championships in Indianapolis.
Reggie Miller scored 28 points, including the game-winning basket, as the Indiana Pacers evened up their playoff series.
The Thai was pushed to a first-set tiebreaker before cruising past the Frenchman in the second round of the RCA Championships.
Jermaine O'Neal scored all three of his team's overtime baskets, including the winning jumper with 11 seconds to go, to lift the Indiana Pacers to a 93-91 victory over the Miami Heat.
The Brazilian was 0.265 seconds quicker than the championship leader who is seeking his eighth win in nine races.
The Colombian has promised Williams he will do all he can to help them win the constructors' title.
But BMW motorsport director Mario Theissen dismissed the comments, saying the driver himself was to blame.
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