The US F1 team could decide not to compete in Formula 1 this year, according to reports in the Argentinean press on Tuesday. It is also believed that driver José María López could now switch to the Campos team as US F1 sponsor YouTube engages in discussions with the Spanish outfit.

On Wednesday the Virgin Racing team started it's second full test with the VR-01 at Jerez. After a successful conclusion to its testing debut here last week, the team experienced more of the rough than the smooth today when an elusive hydraulics problem proved hard to pin down.

Wednesday saw the Virgin Racing team begin its second full day of testing the VR-01 at Jerez. After a successful conclusion to its testing debut last week, the Sheffield-based squad experienced more of the rough than the smooth today when an elusive hydraulics problem proved hard to pin down.

Formula 1 test drivers Paul di Resta (Force India) and Fairuz Fauzy (Lotus F1) both qualified for a Superlicense on Wednesday. The duo completed over 300km in a Formula 1 car at Jerez, which is a requirement to obtain a Superlicense.

Test drivers Paul di Resta and Fairuz Fauzy, of Force India and Lotus respectively, both qualified for FIA Superlicences on Wednesday. The duo both achieved over 300 kilometres (186 miles) in a Formula 1 car, which is a requirement to be able to compete in an F1 event.

Red Bull's Sebastian Vettel topped the timesheets at Jerez de la Frontera today as the third, and penultimate, pre-season test got underway.

Mercedes Grand Prix driver Michael Schumacher started the team's four-day test at Jerez. The German completed 111 laps and set the sixth fastest time of the day.

Mercedes Grand Prix driver Michael Schumacher started the team's second four-day test at Jerez on Wednesday. The German completed 111 laps and set the sixth fastest time of the day before handing over to team-mate Nico Rosberg for Thursday.

Force India test driver Paul Di Resta makes a solid start as Formula One's latest four day test gets underway in wet conditions in Spain.

Today's times from Jerez the first day of the third major pre-season test.

Sebastian Vettel completed the fastest lap at Jerez in what is the second week of testing at the track in the South of Spain. The German completed his fastest lap in 1.22.593 and finished well ahead of Lewis Hamilton and Felipe Massa.

Sebastian Vettel completed the fastest lap at Jerez on Wednesday at what was the start of a second week of testing in the south-east of Spain. The German registered his fastest lap of 1.22.593 to finish well ahead of Lewis Hamilton and Felipe Massa.

Aldar Properties, owner of Yas Island which plays host to the Abu Dhabi Formula 1 Grand Prix, has sold Yas Island with its Formula 1 circuit to the Abu Dhabi Government it was reported on Wednesday. "This includes roads, utilities on the Yas Island, Yas Marina Circuit which is home to the Formula 1 race track, Yas Marina and the Yas Yacht Club," Aldar's chief financial officer Shafqat Malek told Gulf News.

Lotus make track debut at Jerez, Massa is surprised Heidfeld is overlooked, plus other gossip.

On Wednesday morning Felipe Massa took Ferrari's latest chassis, the F10 with chassis number 282, on track. The car has a number of minor aerodynamic and mechanical updates compared to last week's F10 with chassis number 281.

Felipe Massa took Ferrari's latest chassis, the F10's 282, on-track at Jerez on Wednesday morning. The car has a number of minor aerodynamic and mechanical updates compared to last week's 281 version of the 2010 car.

Fairuz Fauzy has taken to the track at Jerez as Lotus makes its track debut alongside ten of the teams it will compete against in the 2010 world championship.

The Lotus Formula 1 team joined the other F1 teams at Jerez on Wednesday in the team's first official day of testing. Lotus F1 test driver Fairuz Fauzy will complete the team's first day of testing in the South of Spain.

The Lotus team joined the other ten present at Jerez on Wednesday for its first official day of testing. Malaysian reserve driver Fairuz Fauzy will complete the team's first day of running in the South of Spain.

David Richards, chairman of Aston Martin and Prodrive, has revealed that he will not ride to F1's rescue this year to take the slots of either Campos or USF1 if they fail to make it to the grid.

When Christian 'Toto' Wolff took a minority holding in Williams it was widely accepted that it was another step in getting the Grove outfit on the right track but as Pitpass' business editor Chris Sylt explains, it looks like it still has an uphill climb.

Jerez becomes the only setting of two 2010 pre-season test sessions on Wednesday as it welcomes the Formula 1 teams for a second four-day meeting. With Lotus attending for the first time this year, more frustration looks likely for all twelve drivers as heavy rain and floods are forecast in the area for the duration.