Team US F1

June 24, 2010

June 17, 2010: The auction of the US F1's assets has raised $1.4 million for its creditors

May 28, 2010: US F1 will not launch a renewed bid to debut in Formula One in 2011

April 3, 2010: US F1 has ceased operation, laying off its entire staff indefinitely and closing its factory

March 20, 2010: Serbian businessman Zoran Stefanovic has not abandoned his ambition for his Stefan GP team to race this season, according to a report on Autosport

March 16, 2010: A disappointed Jose Maria Lopez has not ruled out mounting a new Formula One foray in the future

March 15, 2010: A company that hired two engineers from the failed 2010 entrant US F1 says the team still wants to race in Formula One

March 11, 2010: The FIA has re-opened the selection process to allow a 13th team to join the grid in 2011

March 9, 2010: David Coulthard has added his voice to those expressing concern about the presence of three new Formula One team on the grid this season

March 5, 2010: Jose Maria 'Pechito' Lopez will not take part in Formula One this year after his manager revealed that he had not been able to land a reserve driver role at HRT

March 4, 2010: Stefan GP has not been granted an official entry to contest the 2010 world championship, meaning only 12 teams will contest this season

March 3, 2010: The FIA has finally broken its silence over concerns surrounding the 2010 championship, with a spokesman saying that the entry list will be published "soon".

March 3, 2010: There remains confusion over how many teams will be on the grid in the season-opener in Bahrain next wee

March 2, 2010: The manager of the only driver currently under contract with US F1, Jose Maria Lopez, is working to extricate his client from the team.

March 1, 2010: Stefan GP has made one final plea to be accepted into the world championship, after it emerged that merger talks with US F1 had fallen through

February 27, 2010: Stefan GP will reveal its 2010 car next week in the hope that the FIA will allow it to take the place of any no-shows in this year's championship

February 26, 2010: US F1 and Stefan GP are rumoured to be in merger talks to ensure a thirteenth team is present at the first race of the season in Bahrain

February 26, 2010: There is increasing speculation that Indian GP2 driver Karun Chandhok will be named as a Campos driver ahead of the weekend

February 25, 2010: The FIA has sent technical delegate Charlie Whiting to inspect US F1's factory, after reports suggested the Charlotte-based squad is way behind on its chassis build and in financial trouble