British race car makers Lola have announced they will be lodging an entry for the 2010 FIA Formula One World Championship after completing their evaluation of the technical regulations for cost-capped teams announced by the FIA last month.
Lola, who last participated in Formula One racing in the late 1990s.
Whilst several existing teams have objected to the fact that cost-capped entrants will be given more technical freedom, Lola believe it to be essential if new entrants are to have a chance of competing with their more experienced rivals.
Entries for the 2010 championship must be lodged between May 22 and 29. A list of the 13 successful teams will be published on June 12.
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