America to get its own F1 team; Merc's F1 participation gets sanctioned

Changing the Formula

DAIMLER'S Board narrowly approved Mercedes' participation in Formula 1 - a decision that was taken by the board after a majority affirmative vote by its members. Given the current global financial crisis, speculation continues about whether other car-makers will follow the footsteps of Honda and withdraw from this expensive sport.
But as old players exit, new ones take their place. Ken Anderson, a Nascar and Lndycar engineer, will be launching a USF1 team in 2010. The USF1 team is in the nascent stages of development. The team is still scouting for headquarters in North Carolina and has to sign drivers for next season. The team intends to showcase American technology and promote American drivers in F1.