The American outfit, headed by team principals Ken Anderson and Peter Windsor, was granted an entry for the 2010 season but failed to appear. USF1 has since liquidated its assets, and The FIA has confirmed that it has penalized USF1 for failing to take part in this year´s World Championship - although the team does not exist anymore and its remnants were finally broken up in a recent liquidation auction. 
FIA World Motor Sport Council (WMSC) confirmed the agreement Italian tyre manufacturer Pirelli in order to become Formula One's sole tyre supplier from 2011 to 2013. 
After RedBull extended Mark Webber's contract for one more year, it was Ferrari turn to extent Felipe Massa's contract to another two years, ending weeks of speculation about him being replaced at the end of this season. 
Red Bull confirmed that Mark Webber has extended his contract with team for one more year until the end of 2011. The announcement comes hot on the heels of the Istanbul crash controversy and will definetely help condition inside the team to calm down. 
After force India's decision to start a legal action against Lotus Racing, much of surprise arose when 3 members of team's senior design team, including design director Mark Smith, are set to join Lotus as the Malaysian team strengthens its technical team under Mike Gascoyne.
Force India confirmed it has ignited a legal action in the UK and Italy against rival F1 team Lotus, Mike Gascoyne and Italian wind tunnel company Aerolab, claiming a "very serious" breach of intellectual property. 
Barely within 24 hours New Jersey major Jerramiah Healy made a 180 degrees turn and decided to support a public opposition group in warning the city's Tourism Office to scrap the plans about a future F1 night Grand PRix inside Liberty State Park
