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Lola evaluating 2010 F1 return

This is a discussion on Lola evaluating 2010 F1 return within the Formula 1 forums, part of the Other Forums category; By Simon Strang and Edd Straw Wednesday, April 22nd 2009, 13:10 GMT British racing car manufacturer Lola is considering re-entering ...

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Old 04-22-2009, 01:05 PM   #1
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Lola evaluating 2010 F1 return



By Simon Strang and Edd Straw
Wednesday, April 22nd 2009, 13:10 GMT


British racing car manufacturer Lola is considering re-entering Formula 1 next year after confirming that it has committed to a full technical, operational and financial evaulation of the project.

The Huntingdon-based company has a long history of building F1 cars and last appeared with a short-lived and unsuccessful works team at the start of the 1997 season.

However, in the wake of the FIA announcing last month its plans for teams to be able to compete in F1 under a £30 million budget cap, Lola executive chairman Martin Birrane now believes the time is right to consider a return.

"The announcement that teams may opt for a prudent, financially responsible 'cost-capped' regime from 2010 has resulted in us deciding to fully evaluate the opportunity to develop a car to compete in the FIA Formula One World Championship," he said.

"Providing world-class engineering excellence, offering high quality solutions governed by a tightly controlled financial regime has been part of Lola's DNA over the last decade.

"The current necessity for F1 to adopt a responsible approach in times of economic uncertainty has created the ideal conditions for us to consider developing a car for the world championship."


Read full news article: autosport.com - F1 News: Lola evaluating 2010 F1 return
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Old 04-22-2009, 06:03 PM   #2
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