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Allegedly an American team will be racing in Formula One next year, USF1 reportedly will be be unveiled Feb. 24, will have a staff of at least 100, a working budget of $64 million and an aim to put two American drivers on the starting grid.

Italian Formula One team Toro Rosso confirmed Friday that Frenchman Sebastien Bourdais will be their number two driver for the 2009 season alongside Swiss racer Sebastien Buemi.

Natacha Gachnang has moved a step closer to becoming the first woman to compete in Formula One since 1992. The 21-year-old Swiss has signed up for the 2009 Formula Two championship which returns after a 25-year absence.

Pitpass is reporting Honda is pulling the plug on their entire Formula One operation. The decision was made in an “emergency meeting” held at the teams Brackley headquarters Thursday.

Red Bull chief Dietrich Mateschitz has reassumed total ownership of Toro Rosso after buying back a 50% share in the Formula One outfit from team boss Gerhard Berger.

Force India owner Vijay Mallya terminated the team’s contract with Ferrari as its engine supplier. The agreement was supposed to last through 2009, but Mallya wasn’t confident in Ferrari’s ability to supply the team with a complete engine, gearbox, KERS package for 2009.

AJ Allmendinger lost his ride at Red Bull Racing.
AJ Allmendinger will leave the Red Bull Racing Team with immediate effect, the Sprint Cup team announced on Tuesday.
Allmendinger was completing his second year in the series and had put his #84 car back in the top 35 in the owner standings, but the apparent and imminent [...]

Follow the bouncing ball and count along with me:
1. Sébastien Vettel of STR and latest and youngest F1 Winner.
2. Sébastien Bourdais also of STR and three time Champ Car champion.
3. Sébastien Buemi finished second in GP2 for Arden International.
What, you say he’s on the sidelines of F1 (read companion events) currently competing in the GP2 [...]

With the very first night race due to take place in under three weeks time, there are lots of computer-generated laps of the new Singapore street circuit on the internet.
However no matter how long you look a better one may not be found than this one.
If you can find a better match than Red [...]

First it was Scott Speed who crossed, or recrossed more accurately, the Atlantic to distinguish himself in the ARCA RE/MAX Series after a season or two in the F1 Circus.
The possibility exists Anthony Davidson may reprise Speed’s trip across the Atlantic seeking employment.
Anthony Davidson could be poised to swap his dream of returning to an [...]

‘Formula 1 was the dream – and I lived it’ reflects American racer Scott Speed.

After Scuderia Toro Rosso team manager Massimo Rivola attended the recent MotoGP night race at Qatar’s Losail International Circuit he expressed concern over scheduling of F1’s first night event in Singapore.
Under the original schedule there would only have been one and a half hours of running in the dark before the night time qualifying session [...]