Formula One 's new Team U.S. F1 founded by F1 co - founder Chad Smith . The primary investor in American outfit ahead of its debut season in 2006 . While major manufacturers have been reviewing their participation in motorsport 's premium category -- Honda withdrew at the end of last year and BMW will end its association with Sauber at the end of this season -- Hurley is confident that he can find other investors to back the American team . He sold video and Web site to Google in 2006 but is still its chief executive . Hurley believes new American team will make a big impact in elite motorsport .
Formula One 's new Team U.S. F1 founded by F1 co - founder Chad Smith . The primary investor in American outfit ahead of its debut season in 2006 . He sold video and Web site to Google in 2006 but is still its chief executive . Hurley believes new American team will make a big impact in elite motorsport .