Teams agree to joint car launch

McLaren Mp4-24 launch

Today it has been announced that all 13 Formula 1 teams who will compete in 2010 will have a joint car launch.

This cost-cutting initiative is likely to take place at the Ciudad de las Artes y de las Ciencias complex in Valencia on January 30, and is backed by most teams.

Mercedes Chief Executive Nick Fry said;

“We’ve agreed among the teams to do a joint launch. It’s a demonstration of how we’re working together.”

The boss of the new team LotusTony Fernandes said that the supposed launch on January 30 2010 is too soon for his team, who plan to roll out their car in February. He joked;

“I won’t have a car at that time. I could come with a Matchbox car.”

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Jack Sargeant is the editor-in-chief and designer of An F1 Blog. Follow him on Twitter.