10/03/08 MotorSport Vision's Chief Executive Jonathan Palmer unveiled his plans for the FIA Formula Two Championship in a briefing session for media and prospective drivers today (Thursday).
MSV won an FIA tender last month to supply the cars and operational expertise for the series, which is designed to provide young, talented drivers with the opportunity to race in a top-level international championship on a limited budget.
"The return of Formula Two after 25 years is an enormously significant time in the history of motorsport," said Palmer. "There is no doubt the FIA's eagerness to create a prestigious high performance new championship at a sensationally low cost is perfectly timed."
The cars will be designed by a six person team from Williams F1 led by Director of Engineering Patrick Head, and Team Principal Frank Williams also spoke at the briefing, which was held at the Williams F1 Conference Centre.
"We are thrilled and very privileged to have Williams F1 as our partner in this project," Palmer added. "Williams are one of the few independent F1 teams and their engineering-led approach has won them 113 Grands Prix and nine World Constructors Championships."
"Through a huge amount of commitment and motivation, we are establishing a formula that will fulfill the function of one leading directly to Formula 1 at a fraction of the cost of the alternatives."