16th July, 2014 (F1Plus / Rosie Baillie) - Alexander Rossi has announced that he has parted ways with Caterham and their GP2 and Formula One team.
Rossi joined the Caterham F1 team at the start of 2012 as a test driver and most recently took part in FP1 at the Canadian Grand Prix.
He also drove for their GP2 team EQ8 Caterham Racing and was 21st in the drivers championship.
Rossi’s decision is effective immediately and he will not be racing for EQ8 Caterham Racing at this weekend’s German Grand Prix.
"I'm very thankful to everyone at Caterham throughout the time I have worked with the team," Rossi said.
"We had meetings over the past couple months with the previous and new management. The decision we took to leave Caterham is the right decision for my career.
"I take with me only the positives from my time there, where I logged considerable F1 mileage, driving each of their F1 cars since Lotus Racing entered the F1 World Championship in 2010.
“I have proven my abilities in F1 equipment, in both testing and free practice sessions, and I'm ready for the next step.
Rossi says the decision to leave the team was right for his career and he is still aiming to get a seat in F1.
"My goal is to be in F1 and add value to the sport. We have a great opportunity to grow the sport in the States and I believe the timing is perfect.
“I'm also very pleased to see an American F1 entry, Haas Formula with plans to join the F1 grid in 2016."
The American tweeted his followers: “It's been an emotional couple of years with @CaterhamF1. The highlight being driving with them in Austin last year. Now it's time to move on”