From GMM

The company controlled by former Formula 1 driver and commentator Jonathan Palmer has won the tender to supply and promote the FIA's proposed new formula two category.

Formula Palmer Audi car

MotorSport Vision has enlisted the stalwart F1 team Williams to assist with chassis design, while Audi will provide a 1.8 litre turbo engine, the FIA said in a statement on Monday.

FIA president Max Mosley said in June he envisaged a typical F2 budget at about 200,000 euros per season.

The 2009 season, to be run over 8 rounds, is set to debut next May.

"We hope to reveal talent that might otherwise never have emerged and we look forward to seeing drivers coming into formula one with super licences gained in formula two," Mosley said.

Having operated the Formula Palmer Audi series for the past 11 years, MSV also runs five UK motor sport venues, including Brands Hatch.