The GP3 Series, the championship runs chassis built by Italian racing garage Dallara with 280 horsepower engines supplied by Renault. Hewland supplies the six-speed sequential gearbox, Pirelli chips in with the slick tires and Brembo provides the brakes. The series offers a cost-effective formula for budding racers, with budgets amounting to about €600,000 (about $880k USD) per year.
Now the series organizers have announced that ten teams have signed on for the innaugural season, whose races are scheduled to coincide with GP2's stand-alone events and the European grands prix in the F1 calendar. Britain will be represented by Manor Racing, Hitech and Carlin Motorsport, France by Tech 1 Racing and reigning GP2 champions ART Grand Prix, Spain by the Addax Team, Germany by German Mücke Motorsport, Ireland by Status Grand Prix, Switzerland by Jenzer Motorsport and Australia by the Arden squad fielded by grand prix winner Mark Webber.
