Asiatech was the trade name of Asia Motor Technologies France, a company founded in 2000 by Japanese private capital under the leadership of Dr. John Gano and Enrique Scalabroni, which purchased the assets of the Peugeot Formula One programme at the end of the 2000 season.

It increased staffing from 170 to 221 employees, supplied its engines in development for testing at no cost to minor teams in 2001 and 2002, and had designed and presented the wind-tunnel model of its original F1 chassis when its Japanese private funding was cut in 2002.

[7] However, when its Japanese private funding, reportedly from an heir to Sony, was cut off during the 2002 season, it announced its shutdown on 3 November 2002, with staff returning to Peugeot or moving on to Renault and other F1 engine programs.

In February 2003, the assets of the Asiatech engine company were sold in an auction in Paris, overseen by Jacques Martin and Gilles Chausselat.

Included in the auction were eighteen engines, a dyno, a variety of machine tools, plus electronic measuring equipment amongst other things.