A rumour is circling the Formula 1 paddock that there is a new team formed for the 2018 season. According to Auto Motor und Sport, the team has its base in England but the money and resources come from China. It may be false, but there are concrete indications that a new team is on the horizon.
Red Bull team principal Christian Horner stated: “A number of our employees were asked whether they would come to work for a new team. But, if they want to join as early as next year, they are actually too late.”
Not much is known about the new squad.