From autosport.com:
The new Phoenix grand prix team has arrived in Kuala Lumpur in time to make an audacious bid to enter the Malaysian Grand Prix.
The team has two Prost AP04 chassis, which it intends to fit with TWR V10 engines. Former Prost and Minardi driver Gaston Mazzacane yesterday (Monday) confirmed that he has a contract to drive for the team, and it is believed that another former Minardi man Tarso Marques will drive the second car. Tomas Enge, who was tipped for the drive, is racing this weekend in the Sebring 12 Hours.
No details have been released on what tyres the team will use, although Bridgestone have reportedly said that they would be happy to supply another team.
Whether the team will be allowed participate in Friday's Free Practice is doubtful. Formula 1 supremo Bernie Ecclestone previously said the consortium that purchased the assets of the Prost team have no entitlement to race this year, while the chassis may have to crash-tested if any significant modifications have been made since they raced in the Japanese GP.