Aston Martin has confirmed it will enter Formula 1, Autocar magazine claims this morning.
It intends to defer its entry until 2012 but its team will begin competing from 2010 as Prodrive.
David Richards’ team has been tipped to enter F1 on two occasions in recent years. It planned an entry for 2008 using customer car regulations, but withdrew after the FIA failed to get the rules approved. Richards was also linked to a takeover of the Honda team, but backed away from a deal saying F1 was ‘still too expensive’.
The team is expected to enter under the FIA budget capping rules – though those rules are expected to be modified from Max Mosley’s original proposed limit of £40m, following the initiative put forward by Mercedes.