Despite the fact that motorsport worldwide is reeling from the current global credit crunch, it has been revealed that a new Formula 1 team could be set to take to the grand prix starting grid in 2010 - made in America.

German website motorsport-total.com has reported that the new squad - called USF1 - has been in the offing since last summer, with at the helm former Williams and Ferrari team manager Peter Windsor and highly-respected IndyCar technical and design guru Ken Anderson, whose cars have triumphed in no fewer than five Indianapolis 500 races and claimed four IRL crowns.

Having in the past worked alongside such F1 luminaries as Nigel Mansell, Carlos Reutemann and John Barnard, Windsor now plies his trade as an esteemed journalist and television pundit. The 56-year-old is well-known in the States by dint of his commentary for SPEED TV. Anderson previously featured in F1 with Ligier and Onyx back in 1989 and 1990 respectively, and has also worked with success in NASCAR circles, with Haas/CNC Racing.

It is claimed that the new team - which began to take shape following the 2008 Canadian Grand Prix and is said to have received the blessing of the sport's commercial rights-holder Bernie Ecclestone - will be unveiled to the public before the end of this month, and hopes to be ready to make its Formula 1 debut as early as 2010.

USF1 will allegedly have its base in the heart of NASCAR country in Charlotte, North Carolina, with an agreement in place to make use of the new Windshear wind tunnel in the Deep South state. There could also be a European headquarters in Bilbao in Spain.

Other rumours, meanwhile, suggest that Anderson - who is understood to have attempted to purchase the defunct Super Aguri outfit last year - is formulating a bid to buy-out Honda F1.

It is claimed that Anderson's goal in the USF1 project is to provide a showcase for both American drivers and technology. The last US-born driver to compete in the top flight was Scott Speed back in 2006 and 2007, whilst the only American drivers to have lifted the world championship laurels have been the late Phil Hill in 1961 and Mario Andretti in 1978. The sole time an American driver and American car have run together as a combination was Dan Gurney in his Eagle more than four decades ago.

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