Tavo Hellmund has played down scepticism about the 2012 US grand prix, but admits that failing to get the circuit built in time is a possibility. Before FIA president Jean Todt said the confirmed race in Austin, Texas, is “just a project”, F1 chief executive Bernie Ecclestone warned promoter Hellmund that penalties will apply if

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Toro Rosso on Thursday announced it will keep the same driver lineup in 2011. 2010 is Swiss 21-year-old Sebastien Buemi’s second full season in formula one, while Spaniard Jaime Alguersuari made his debut with the Faenza based team last July. Link to this post!

Jose Maria Lopez has not given up on formula one. Before the American outfit folded, the 27-year-old Argentine and his sponsors had signed up to race for USF1 in 2010. Link to this post!

Felipe Massa vowed to “talk” to his teammate Fernando Alonso about their first-lap collision at Silverstone. Link to this post!

According to a recent report, Jaguar has green-lighted the F- and X-type. Speaking with Automobilwoche, Tata Motors CEO, Carl-Peter Forster, confirmed the models were currently under development. While he declined to say when they would be released, he stated both vehicles would come in “several variations.” Link to this post!

Another bad race in the bag and now 47 points behind, Fernando Alonso still thinks he can win his first world championship with Ferrari in 2010. It was rumoured before Silverstone that the Italian team would need to perform strongly in Britain, Germany and Hungary or its focus would switch to next year’s car. Link

Peugeot has released official details of the all-new 2011 Peugeot 508, an upmarket car that replaces the 407 range. Earlier WCF published leaked photos of the car. Marketing gurus from the French marque describe the 508 as being full of French chic, with an elegant and timeless exterior design. Link to this post!

7 million euros will be missing from the budget of F1′s governing FIA in 2011. A report in the British Express newspaper claims the shortfall is due to the expiry of a fourteen-year run of annual fees paid by Formula One Management, headed by chief executive Bernie Ecclestone. Link to this post!