FIA: No new teams for 2011

The FIA has announced it will keep the Formula One entry list at 12 teams for 2011 and 2012, after deciding that none of the those bidding for a 13th entry next season met the necessary requirements.

Formula One racing’s governing body had received bids from numerous organisations after it invited expressions of interest from potential new teams back in March, following the late withdrawal of one of the new 2010 entries…

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