
The FIA has announced on Wednesday it 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.
The FIA is hoping a company will make it possible for young talented drivers to race for a limited budget of around € 200,000 per car in a season. Formula One's current feeder series, GP2 Series, is estimated at 1.3 million euro per car per season making it nearly impossible for young talented drivers without a mega budget to compete in the series that is closely being watched by Formula 1 bosses.
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