According to British F1 journalist Joe Saward, the FIA could be on the hook for a hefty sum after rejecting an F1 bid from Hitech Grand Prix, an F2 team with ambitions of moving up. What makes it ...

Rodin Cars confirmed its application to create a new Formula 1 team was rejected by the FIA, and claimed that "the ... which is a car somewhat quicker than a GP2/F2 car," Rodin said.