Doubts Cast Over Stefan GP Parent Company

The world of Zoran Stefanovic seems to be crumbling down in a matter of days, after his team Stefan GP failed to secure an entry into the 2010 Formula One Championship. According to Germany's Express newspaper, the credentials of Stefanovic's engineering company AMCO have recently been put under doubt following a statement released by Germany's Federal Defense Force.

When leaving the world of Formula One, Japanese manufacturer Toyota unconditionally supported Stefan GP's entry into the 2010 series. One of the reasons for that was that they were told AMCO – the company that would partially support the Cologne team financially – was involved with space and military technology.

“AMCO claimed it worked with Germany's Federal Defence Force (Bundeswehr) on flight drones and contributed to the European Space Agency's orbit launch rocket Ariane 5,” said a report from the GMM news agency, citing Express.

“After consulting with the system manufacturers of the drones KZO and LUNA we can confirm that in the Bundeswehr product there are no technologies of the Serbian company AMCO," said a spokesman of the German defence department Bundesamtes fur Wehrtechnik und Beschaffung, according to the German publication.

Additionally, Rheinmetall Defense Electronics and Schrick also stated that they are unaware of AMCO's military technology manufacturing.

In addition to AMCO, the Serbian government was also believed to financially support the team for the 2010 season.