Lola considers return to F1

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It appears that Lola is considering to return to Formula One in the 2010 season. The manufacturer constructed a string of Formula One cars from 1962 to as recently as 1997 and was active in other racing series.

The news of a £30 million budget cap option in the pinnacle of motorsport from next season, the sport seems to appeal the company once more. Martin Birrane, the Executive Chairman of the company said: "The announcement that teams may opt for a prudent, financially responsible cost-capped regime from 2010 has resulted in us deciding to fully evaluate the opportunity to develop a car to compete.

"Providing world-class engineering excellence whilst offering high quality solutions - governed by a tightly controlled financial regime - has been part of Lola's DNA over the last decade. The current necessity for F1 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."