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British racing car company Lola has announced it is contemplating a formula one foray for 2010.
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"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.
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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.
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"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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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.
via:World Car Fans
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