PHM Racing will take over Charouz's entries and assets in F2 and F3 from next year. Full story:
The team will be operated by Charouz and known as PHM Racing by Charouz in both championships for next season, with PHM taking over the entries but still working alongside with the Czech-based outfit.
It will make its first appearance when Formula 2 and Formula 3 return for pre-season testing at the Bahrain International Circuit, on 14-16 February. "We are excited to offer drivers a team that can take them from karting all the way to the doorstep of Formula 1."
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