Wednesday 2 December at 10:01 : Dec.2 (GMM) A Toyota spokesman has declined to comment on recent reports the Japanese carmaker's F1 project could be taken over by a Serbian entrant.

Stefan GP boss Zoran Stefanovic, also chief of the Belgrade-based engineering company AMCO, is quoted by the German language Express publication as saying some sort of agreement has been reached.

The withdrawing Toyota can theoretically sell its outfit and therefore avoid a reported multi million euro fine for breaching the Concorde Agreement.

But Sauber is also hoping to secure the thirteenth and final spot on the 2010 grid.

"An announcement will be made regarding this entry in due course," the FIA said on Monday.

Express reports that 'spy-gate' conspirator Mike Coughlan may be involved with the Stefan GP foray, but for now Toyota is staying quiet on the takeover reports.

"So long as AMCO does not have an entry for next year, it's all speculation that we do not comment on," said Andy Fuchs, Toyota Motorsport GmbH communications boss.