The FIA said the precise terms of the selection process would be communicated to those who registered a formal expression of interest by on Jan 3, 2014. PHOTO: AFP /FILE
The International Automobile Federation (FIA) posted a note on its website announcing “a new selection process to identify a candidate team to participate at a competitive level”.
Formula One last admitted new constructors in 2010, when Spanish-based Hispania, Virgin Racing and Malaysian-owned Lotus Racing expanded a depleted grid to 12 teams following the departure of manufacturers Honda, Toyota and BMW. Hispania later became HRT and folded at the end of 2012, while Virgin became Marussia and Lotus Racing are now competing as Caterham.
The FIA said the precise terms of the selection process would be communicated to those who registered a formal expression of interest by on Jan 3, 2014.
The total fee, required from all those ultimately submitting full applications, will be $130,000.
Published in The Express Tribune, December 13th, 2013.
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