The US F1 Team announced today that they have signed former Renault F1 Team test driver, Jose Maria "Pechito" Lopez (26), to race with them in the 2010 FIA Formula One World Championship. Lopez will be the 24th Argentine to race in Formula One, sustaining a heritage that began sixty years ago when Juan Manuel Fangio and Froilan "Pepe" Gonzalez took the F1 world by storm.

"Securing 'Pechito' Lopez for our debut season has been a goal of ours for a long time," said US F1 Team Executive Vice President Peter Windsor. "We've been following his career since he dominated the Renault V6 Championship in 2003 and we're thrilled to have him on board as we return America to Formula One.”

“Lopez is a consummate professional and born leader. The most revealing thing about his character was how he handled the disappointment of not racing for Renault after three years of testing with them in F1. Instead of moping around and feeling sorry for himself, he returned to Argentina and totally dominated the local scene, winning 38 races and three championships.”

“He became a major star as a result and, in turn, the Argentine nation – a country where F1 is second only to soccer - has got behind him."

As proof of that, Lopez's US F1 contract was officially announced by the President of Argentina, Cristina Fernandez de Kirchner, in the Casa Rosada (Government House) in Buenos Aires on the afternoon of January 25.

After meeting Jose Maria and Windsor, the President commented...

"The Argentine government is very happy to get behind this exciting new project and we wish Jose Maria and the team all the best for the 2010 season."

US F1 Team, which is located in Charlotte, North Carolina, the motorsports capital of the United States, will be the only American-based team on the grid in 2010 and the first in more than 40 years. Team Principal, President and CEO Ken Anderson said finding the right drivers was a major part of forming US F1 Team.

"So many things go into starting a Formula One team from scratch," Anderson said. "You can nail every step along the way but if you don't have the right guys in the seats, everything else is for naught. With Jose Maria Lopez we have further positioned ourselves for a successful 2010 debut campaign."