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DATE News (chronologically)
Campos leaves team, to be Volkswagen in 2011 UPDATE #2 (GMM)  A Spanish newspaper insists it is right about a reported rescue package for the embattled Campos team.

In response to Thursday's report, both Volkswagen and Colin Kolles denied they are part of the rescue plan.

But in a subsequent report, AS said Volkswagen’s denial was "expected", because the German carmaker is not ready for the news to be divulged.

The newspaper said F2 champion Andy Soucek is a possible driver for the post-Campos takeover, adding that the Spaniard could alternatively accept an offer to be Sauber's reserve driver.

AS said Adrian Campos has relinquished his shareholding, but that he might be retained in a symbolic position in 2010, with the team also retaining its current name for now.

02/11/10 This rumor is downgraded to 'false' today.  Volkswagen and Colin Kolles on Thursday denied reports they are part of a package to rescue the beleaguered Campos team.

Earlier Spanish reports said Campos team president Jose Ramon Carabante had joined forces with Bernie Ecclestone to get the team running in 2010 ahead of a Volkswagen takeover for 2011.

More rumors on Thursday said both Adrian Campos and commercial boss Daniele Audetto will be departing, with former Force India team chief Kolles taking over at the helm.

"I do not work for Campos," the German-Romanian said.

"I know who I work for, what I do and why I do it," Kolles, who has also been linked with the hopeful Serbian entrant Stefan GP, added.

When also asked by the German website motorsport-total.com, Volkswagen's motor sport representative Hans-Joachim Stuck also denied the report of the Spanish newspaper Diario AS.

"That is complete nonsense," he said.

"We are flattered about such rumors, but formula one at the moment is not at all a topic for us.

"If it should ever become a topic, then it will be surely on the basis of a world engine," the German former F1 driver added.

02/11/10 (GMM)  Bernie Ecclestone and Jose Ramon Carabante have joined forces to rescue the Campos team, Spain's Diario AS newspaper reports.

The deal will reportedly see team partner and president Carabante take over from Adrian Campos and lead the outfit to its Bahrain debut next month, before the German car giant Volkswagen steps in for 2011.

AS said the team intends to change its official name from Campos Meta 1 prior to the start of the season.

The Valencia headquarters will remain for now, and the multi million euro debt to Italian car constructor Dallara will be paid.

AS, explaining that the touted investment of A1 chief Tony Teixeira never materialized, said former Force India boss Colin Kolles will be team principal.

The newspaper said Bruno Senna's contract as race driver will be honored, and that the hopeful Serbian outfit Stefan GP will instead need to look to assume USF1's official entry.

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