Valencia has emerged as the venue for a common car launch for most formula one teams at the end of January.

Valencia has emerged as the venue for a common car launch for most formula one teams at the end of January.

As a novel way to cut costs, the concept was discussed during the 2009 season and was reportedly backed by several teams.

Spanish media reports now reveal that most teams are committed to the event, to take place at the ultra-modern Ciudad de las Artes y de las Ciencias (City of the Arts and Sciences) complex.

The date for the event is Saturday, January 30, as alluded to by Toro Rosso's Sebastien Buemi this week when he revealed that the team's 2010 car will be seen on that date in Valencia.

Two days later at the nearby Ricardo Tormo circuit, the first pre-season group test begins.

 

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Valencia to host common car launch on January 30