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American fans of Formula One racing will recall all too easily the debacle surrounding the USF1 team. A promising venture from the outset, the team started and stalled, but – after securing a slot on the grid for this season alongside newcomers HRT, Lotus and Virgin Racing – ultimately proved to have bitten off more than it could chew. Rather than pass the resulting vacancy on to any of the other bids waiting for their shot at the big league, the FIA has reportedly opted to leave the

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Whatever the outcome of the standoff between the Formula One Teams Association and the FIA, it was clear from the get-go that F1 was to change dramatically. As it turned out, the two parties – the first representing the teams currently participating in the sport and the second its governing body – have apparently reconciled their differences.

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