The Formula 1 governing body (FIA) has opened a selection process for a new team to join the Formula 1 grid from 2015 season, the process reportedly target to complete 12 teams for sport.
FIA requested to register interesting candidates “a formal expression of interest” with the governing body’s Secretariat by 5pm CET on Friday January 3, following which each candidate will be given additional details.
“The FIA has decided to open a new selection process to identify a candidate team to participate at a competitive level in the FIA Formula One World Championship from the start of the 2015 or the 2016 season up to 2020 inclusive,” read a statement issued by the governing body on Wednesday evening.
“The overall long-term interests of the Championship will determine which candidates are selected.”
The early stage of 2010 F1 season FIA added Marussia, Caterham and HRT to the grid, but last season Hispania Racing Team forced out from the grid following financial trouble.