Lola Cars International Ltd today confirmed the completion of a formal agreement between the company and A1 Grand Prix, a new winter single-seater series that has been founded by His Highness Sheikh Maktoum Hasher Maktoum Al Maktoum and businessmen, Brian Menell and Antonio Teixeira.

New cars will be developed for the A1 Grand Prix series that is set to begin in the winter of 2005 (pending FIA approval), involving a minimum of 24 countries. 30 single seater cars will be built for the new series and 3.5 litre engines will be developed by Northampton based Langford Performance Engineering.