Even if USF1 failed to make the 2010 Formula One grid, the Charlotte-based outfit still held out hope that they could right their ship for a potential re-entry in the coming seasons.

Unfortunately, that sliver of hope has now been cut after reports have surfaced saying that USF1 has officially closed down operations. According to reports, team boss Ken Anderson sent emails to all of USF1’s employees, basically saying that financial troubles doomed the team from even making any progress in time for the 2010 season.

We’ve been hearing rumors of USF1’s demise for as long as the team has been in the fold. Sadly, all those rumors have finally caught up to them and now it looks like it’s going to be a while before an American team enters Formula One.

One thing’s for sure though, it won’t be USF1 anymore.

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Source: Charlotte Business Journal

Kirby Garlitos
Automotive Aftermarket Expert - kirby@topspeed.com
Kirby’s first exposure into the world of automobiles happened when he caught Knight Rider on television as a five-year old boy. David Hasselhoff didn’t leave much of an impression on him (that happened later on in Baywatch), but KITT certainly did. To this day, Kirby remains convinced that he will one day own a car with the same ‘spirit’ as the original KITT (not the 2008 monstrosity). He doesn't know when that will be, but until then, he’s committed to expressing his love for KITT, and all cars for that matter, here at TopSpeed.  Read More
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5 comments:

  (473) posted on 02.16.2011

And why does Joseph Stalin suddenly tries to sell his ZIS-110?

  (539) posted on 02.16.2011

This was a shocking news! But I’m glad they are back!

  (780) posted on 04.18.2010

USF1 finally closes shop for good
COMMENT: This is a disappointment on a variety of levels. Perhaps someone else will make an attempt when the economy improves?

  (392) posted on 04.18.2010

O well, I hope that it can be like the other companies. They fall but they worked hard to stand up again. Although USF1 doesn’t really make that much fuzz with the racing industry, it can still have a chance to win if it had better drivers and technology.

  (504) posted on 04.6.2010

Oh that was a bad news, also their crew is left job less. Those crews can have their job back even it’s not with USF1.

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