Huntingdon based racing car engineering company, Lola is ready and waiting to join the F1 entry as the 13th team. Managing director Robin Brundle quoted by Autoweek.
Lola initially applied to join the grid in 2010 F1, when the FIA opened up a bidding method for four new teams to take the grid to 13 teams. But Lola not passes in their challenge with the FIA choosing Lotus, Virgin, HRT and USF1. However, the latter failed to make the grid, therefore leaving the door open for a new competitor, which Lola believes should be them.
“We’re ready and waiting,” Brundle is quoted by Autoweek. “Motorsport is a third of our business, and we’re happy to expand in any direction. We’re on schedule to hit a turnover of [$40 million] this year, and within five years, we expect to top [$77 million]. But a Formula One program will take us up by tens of millions.
“We’ve retained the capability. We can do everything in one building, and we’re hopeful that, if the FIA bring back the 13th license, we can bid for it. We’d need to finalize an engine partner so we can design the back of the car when the new engine regulations come [in 2014], but we’re ready for it.”
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