GP2 confirms new team

The Spanish-based former World Series by Nissan champion Racing Engineering has confirmed that it will graduate to the new GP2 series next year - further boosting the quality of the field for the new championship

GP2 confirms new team

Alfonso de Orleans Borbon, team principal, said: "Racing Engineering is delighted to become part of the newly created GP2 Series. This championship, due to its amazing car and professional environment, is closer to Formula 1 than any championship ever, and we believe that it really will prove to be the ultimate stepping-stone to F1.

"Racing Engineering, after many successful years in single seater racing, is ready for this new challenge and hopes to continue its convincing performance. Our goal of providing young Spanish drivers with the chance to move up into F1 is very motivating."

But the good news about Racing Engineering's arrival has been tempered by the decision of P1 Motorsport to withdraw its entry for the series.

Team boss Roly Vincini said: "I am very disappointed not to be in a position to commit to the GP2 series any more but, out of fairness to the other teams, withdrawing my application is, for the moment, the best and the only decision I can take.

"I am working hard to find a solution and I am looking forward to announcing positive news in the near future."

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