From GMM
Having signalled an interest in F1's budget-capped future last month, the British racing car company Lola has now committed to submitting a 2010 team entry by the May 29 deadline.
"The Lola Group is pleased to announce that it will be submitting an entry," part of a statement issued by the outfit, which last attempted a F1 foray in 1997, read.
Lola said the 2010 cap figure was set at 30m pounds sterling when it first began evaluating designing and racing a car next year.
The increase of the figure to 40m "led to a re-examination" of the project by Lola, "culminating in today's confirmation that it will proceed".
The FIA is expected to publish the first 2010 entry list in mid June.
Having signalled an interest in F1's budget-capped future last month, the British racing car company Lola has now committed to submitting a 2010 team entry by the May 29 deadline.
"The Lola Group is pleased to announce that it will be submitting an entry," part of a statement issued by the outfit, which last attempted a F1 foray in 1997, read.
Lola said the 2010 cap figure was set at 30m pounds sterling when it first began evaluating designing and racing a car next year.
The increase of the figure to 40m "led to a re-examination" of the project by Lola, "culminating in today's confirmation that it will proceed".
The FIA is expected to publish the first 2010 entry list in mid June.