Aston F1 is on!

Yes, Aston Martin will race in Formula One. Or, at least, CEO David Richards has formally applied for his Prodrive team to gain one of the three available new entry spots onto next year’s F1 grid.

This is good news.

If successful, they’re expected to run under the Prodrive banner next season and then under the Aston Martin name by 2012.

This is really good news.

Prodrive are likely to keep their technical partnership ties with McLaren – that they set-up when looking at an entry 18 months ago – in a similar capacity to what McLaren have with Force India now.

It’s also on the cards that the engines will be Aston-badged customer jobs, obtained from a supplier. Maybe they’ll again follow Force India’s tie-in with McLaren and get Mercedes engines?

Richards started looking seriously at an entry when the FIA announced plans for a budget cap, and although those plans are now likely to change, it’s not deterred Richards.

“The level of next year’s cost cap has risen substantially since we originally considered entering,” says Richards.

“However everyone appears committed to major reductions in future years and when one takes into account the transition proposals for new teams we are confident that we now have the opportunity to be both commercially viable and competitive.

“As we have said all along, we don’t want to be in Formula 1 just to make up the numbers.”

No David, you certainly don’t. Now, about those Gulf racing colours…

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