Last year reports emerged claiming that Ken Anderson, a well-known U.S. engineer who has worked in prominent F1 roles, was in talks with Honda about setting up an American-based F1 team. With Honda announcing its decision late last year to pull out of the sport altogether, speculation about Anderson’s future plans has once again flared up.

According to latest reports, a new F1 team is under wraps in the U.S. and is set to be launched officially later this month.

The team is expected to be fronted by Anderson and F1 stalwart and broadcaster Peter Windsor. Anderson, incidentally, has been linked with Indycar and NASCAR and more recently as the former Ligier technical director. Windsor, meanwhile, has worked for Williams and Ferrari, but is best known today as a television pundit and writer.

Germany’s Motorsport-Total claims the new team will be called ‘USF1’ and could be on the starting grid by 2010. Its slogan will be ‘Made in America’ and it will be headquartered in the heart of NASCAR-country in Charlotte, North Carolina.

Reportedly, an agreement to use the new Windshear wind tunnel in North Carolina is already in place, while the team intends to be a showcase for local technology and American drivers.