The California town of San Juan Bautista has been targeted for the creation of a new 550-acre "Motor & Technology Center of Excellence" facility that aspires to put on a "Silicon Valley Formula 1 Grand Prix," among other major events. The concept, floated by WY2M, Inc owner William F. Yao,...

A group led by American businessman Tavo Hellmund is evaluating a takeover of the Manor Formula 1 team.Hellmund, one of the architects behind F1's return to the United States and Mexico in recent years, is believed to be leading an investor group seeking to secure a controlling interest in the...

Rumors have linked a group of U.S.-based investors led by Tavo Hellmund, the original developer of the Circuit of The Americas grand prix circuit, and financier James Carney with an attempt to purchase the Manor Formula 1 team.Manor, which re-emerged from bankruptcy as Marrussia after Irish businessman Stephen Fitzpatrick purchased...