NEW FORMULA ONE entrant Team US F1 is expecting to have its 2010 car ready by October, Team Principal Ken Anderson revealed in a recent interview with AutoSport.
The Charlotte US-based team will be powered by Cosworth engines, with the revered engine company confirming this week that its engines will be ready in time for the next season; despite uncertainty on the specific setup its engines will be allowed to run.
Anderson said that, in addition to its engines being on track for a 2010 season start, the design of the team's car is "well advanced."
"Quite a lot of it is ready to manufacture," Anderson told AutoSport.
"The chassis is locked down, because we were waiting to hear if the [Cosworth] engine rev limit was 20,000rpm or 18,000rpm.
"The chaps will now start building the chassis in August. We will have it rolling on the ground in late September, without bodywork or stuff, and then the bodywork will get added in October."
With fears of Cosworth's readiness allayed, Anderson said Team US F1 can now go about ordering the machinery it needs to continue development of the car.
Sponsors are also expected to be announced soon, with YouTube co-founder Chad Hurley likely to sign on as an investor.
Former F1 grand-prix winner Jacques Villeneuve also confirmed to German magazine Sport Bild that he is eager to return, and while he would not confirm or deny suspicions, it is believed that he will sign a contract with Team US F1.
The 38 year old Villeneuve said, simply: "It is true, I will return to Formula One."