1Malaysia F1 team to be formed (Update 2)

PUTRAJAYA: The 1Malaysia F1 Team, a joint venture between the Government and private sector, will participate in the F1 race beginning next year, Datuk Seri Najib Tun Razak announced on Tuesday.

The Prime Minister said the project involved the combined expertise of Proton and Lotus with the support of the Sepang International Circuit (SIC), Motorsports Association of Malaysia, Naza Motor and AirAsia.