Sauber granted 2010 F1 grid spot

Peter Sauber is likely sleeping a bit more soundly tonight, as Sauber has been granted the final slot on the Formula 1 grid by the FIA has announced, on the heels of the collapse of the Qadbak investment group that has been the subject of many negative rumors in recent weeks.

With Toyota's pullout from F1 thereby voiding its entry, the FIA confirmed on Thursday that Sauber would be able to assume Toyota's former position in the limited championship team roster.

"This is excellent news for the workforce in Hinwil," said Sauber. "After many weeks of uncertainty, we have finally secured our place on the grid for 2010. Now we can enter into concrete negotiations with drivers and sponsors."

A statement issued by the FIA said: "The FIA has written to inform BMW Sauber AG that their application for an entry in the 2010 FIA Formula One World Championship has been successful."

"Subject to their signing the Concorde Agreement, BMW Sauber will be awarded the 13th entry in the Championship, taking the place of the departing Toyota team.

"The FIA has worked closely with the Commercial Rights Holder and the teams involved over recent weeks and is grateful for their support in achieving the best outcome for the sport."