Team US F1's Formula 1 hopes appeared to be over on Tuesday, with high level sources revealing to AUTOSPORT that the outfit has now effectively closed down.
Against the backdrop of weeks of uncertainty about the future of the American team, which had been struggling to get a car ready for the start of the season, sources have revealed team personnel have now been informed they are no longer required as the operation could not continue in its present guise.
Looks like Peter and Ken bit off way more than they could chew. Gotta give them props, through, as they wanted to do it from the ground up. Very disappointing.
No word on who will take the open grid spot. The FIA could open up a bidding process for it (seems a bit late in the running to do so), or they could give it to this Toyota F1 Racing, er, Stefan GP, team, a team that is backed by Bernie, which, for me, automatically detested me, so I hope the FIA would open it up for a bid, or just leave it empty.
Newcomers Campos rebranded as Hispania Racing F1 Team
The Campos Formula 1 team has been renamed Hispania Racing (HRT F1) after being taken over by Spanish financier Jose Ramon Carabante.
The new identity highlights the Spanish roots of the team, which is based in the south-eastern city of Murcia.
A formal launch of the new team will take place on Thursday, when the driver line-up for 2010 could be revealed.
India's Karun Chandhok and Bruno Senna have been widely tipped as the drivers for the team's debut F1 season.
"The new team name signifies a new birth for our Formula 1 ambitions and highlights the incredible effort that is going on behind the scenes to ensure we make a successful debut in Bahrain on 14 March," said team principal Colin Kolles.
Edited by commadore183, 07 March 2010 - 11:45 AM.