Another day, another formula racing series. The organizers of the GP2 Series are working on a GP3, and the A1GP World Cup of Motorsport is planning to launch A2GP, but when the FIA announced plans to resuscitate the dormant Formula 2 championship a couple of months ago, many scoffed. However plans are apparently under way as the organization and promotion of the series have been awarded to Jonathan Palmer.

One of the last champions of the previous Formula 2 championship before moving up to F1, Palmer is an established race promoter in the UK. Palmer's MotorSport Vision empire includes the Formula Palmer Audi series and the British Superbike Championship as well as ownership of the Brands Hatch, Snetterton, Cadwell park, Oulton Park and Bedford Autodrome circuits in the UK, making him a sort of junior Ecclestone. Now entrusted with organizing the new F2, Palmer has revealed that each of the participating teams will use a standardized car that will be maintained by the Palmer crew at Bedford.

While the actual fabricators for the composite chassis have yet to be announced, Williams will reportedly design the car and Audi will supply the 400-500hp engines. Since the series will compete directly with Bernie Ecclestone's GP2 Series, don't expect to see Formula 2 races running in support of F1 grands prix, however F2 may join the ticket alongside the FIA World Touring Car Championship, the Le Mans Series or DTM as well as stand-alone events in the near future.

[Source: GrandPrix.com | image: Formula Palmer Audi]