Jul.15 (GMM) Jose Maria Lopez has not given up on formula one.

Before the American outfit folded, the 27-year-old Argentine and his sponsors had signed up to race for USF1 in 2010.

Lopez returned to Argentina to race in the TC2000 touring car series, but at Silverstone last weekend was spotted in the formula one paddock with his manager Victor Rosso.

According to the El Diario Hoy newspaper, the pair had a series of meetings with F1 teams to disclose their available budgets for the 2011 season.

The newspaper said meetings took place with Renault, HRT, Virgin, Lotus, Williams and Sauber.

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