After several reports in the US suggested that the Charlotte-based US Grand Prix Engineering is on its way to shutting down their Formula One operations in the next few days, the team issued a quick statement on Thursday in which it clearly states the latest rumors about the team’s financial situation are not true.
According to a report from the New York Times, YouTube founder Chad Hurley has allegedly decided to switch his sponsorship from US GPE towards Campos Grand Prix, while the already-… (read more)