British racing car company Lola has announced it is contemplating a formula one foray for 2010.

British racing car company Lola has announced it is contemplating a formula one foray for 2010.

Spurred by the FIA's plans for budget caps, the Huntingdon-based marque said it has commenced a "full technical, operational and financial evaluation" in view of developing a F1 car.

"Lola has appointed key new staff to the project and allocated some of its top engineers to this stage of the evaluation," read a statement issued by Lola, which last attempted a F1 team in 1997.

That project was abandoned after one race, but Lola's history of involvement with the sport dates back to the early 1960s.

Currently, it produces prototype Le Mans sports cars.

"The current necessity for formula one 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," said executive chairman Martin Birrane.

 

 

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