FIA plans to resurrect Formula Two

June 25, 2008

As reported at Autoweek.com, The FIA has announced a shock decision to resurrect the Formula Two name from 2009 as an ‘inexpensive’ platform for aspiring driver talent as a stepping stone for Formula One.

In a statement following Wednesday’s FIA World Council meeting in Paris, the sport’s governing body has invited tenders for the new low-cost feeder series.

The statement read: “The FIA will invite tenders for a new feeder series for Formula One. This championship, called Formula Two, would be launched in 2009 and used as an inexpensive platform to develop emerging driver talent for Formula One. It is hoped this can be achieved within a budget of around €200,000 a car per season.”

How the FIA hopes to achieve running costs of around €200,000 per car per season remains to be seen. The target figure is significantly lower than it costs to compete in the current traditional ladder series - GP2 Series and F3.

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