Autoblog claims to have more information about putative American F1 team USF1:
The USF1’s mission is to stand apart from the other 11 teams by hyping U.S. technology under the tagline of “Made in America.” The vehicle will be designed and built in the States and piloted by a duo of American drivers.
The main operational center would be based in Charlotte, NC, where several associated companies and research universities could help develop the racecar. In Europe, USF1 will work out of the newly erected Epsilon motorsports facility located outside of Bilbao, Spain.
When F1 teams and the sport’s leaders are locked in a dispute over costs and car sales in America are plunging, it’s difficult to take the claims of a new, US-based F1 team seriously. But F1 badly needs more teams and a presence in America, so I hope this comes to pass.
Read the full Autoblog article here