Prodrive plans to unveil the structure of its new formula one team at the British grand prix this year.

After making a business trip to nearby Kuwait, team boss David Richards (pictured) is in Bahrain this weekend, and he explained to reporters that F1 news about Prodrive had dried up recently because he was busy working on his buyout of Aston Martin. "But we are perfectly on target," the Briton, still wearing his trademark designer stubble, said.

It is rumoured that McLaren and Mercedes could supply both car and engine to the Prodrive team in 2008, but Richards was giving little away on Friday. He said a "full announcement" was being prepared for Silverstone, including suppliers, sponsors and even a driver lineup.

Richards ruled out re-branding the team as Aston Martin next year, but said his two outfits might cooperate in the future.

"Who knows? Five years down the line it might be appropriate," he said, insisting that Aston Martin's immediate future is in sports cars.

Source: GMM