US F1 set to abandon F1 bid

US F1 appear to be on the verge of giving up on their plans to compete in the 2010 F1 season.

Reports in the Argentinean media claim Peter Windsor told Jose Maria Lopez the team will not race in F1 this year.

There has been little news from the team for several weeks. It planned to test its car at Barber Motorsport Park this month but no details about the test have been forthcoming.

There are also doubts over high-profile backer Chad Hurley’s commitment to the project.

As recently as yesterday the team asserted it was still on-track to race in Bahrain.

The team has not yet officially responded to the reports but keep an eye on their official Twitter and Facebook presences for developments.

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