According to the respected British web site Autosport.com, American F1 team USF1 has closed its doors Tuesday and will not compete in the 2010 F1 World Championship.
High-level sources revealed to Autosport that the team has now effectively closed down.
The move, which has not yet been officially confirmed, happened shortly after lunch when the team production manager revealed team personnel that they are no longer required as the operation was not continuing.
Team USF1 out of the picture could set the scene for the official arrival of the Serbian Stefan GP team.
The American team will need to be officially withdrawn from the 2010 championship if Stefan GP is going to have a chance of getting a late entry.
Such a turnaround may be possible if FIA technical delegate Charlie Whiting's inspection visit to the American team's factory last week showed that USF1 was not capable of competing this season.
High-level sources revealed to Autosport that the team has now effectively closed down.
The move, which has not yet been officially confirmed, happened shortly after lunch when the team production manager revealed team personnel that they are no longer required as the operation was not continuing.
Team USF1 out of the picture could set the scene for the official arrival of the Serbian Stefan GP team.
The American team will need to be officially withdrawn from the 2010 championship if Stefan GP is going to have a chance of getting a late entry.
Such a turnaround may be possible if FIA technical delegate Charlie Whiting's inspection visit to the American team's factory last week showed that USF1 was not capable of competing this season.