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Lola withdraws F1 bid

NEWS STORY
17/06/2009

As the FIA and FOTA appear to be reaching a compromise, Lola has today issued the following:

Lola F1 Team Ltd has today advised the FIA of the decision to withdraw its application to enter the 2010 FIA Formula One World Championship.

Significant financial investment has been made in producing its 2010 contender and the FIA had requested that the Lola F1 Team remain in a state of readiness for a possible future entry.

Lola F1 Team has thanked the FIA for giving its application to enter the 2010 FIA Formula One World Championship serious consideration.

No further comment will be made.

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