It's been revealed that a new F1 team - Midland F1 - will make its debut in Melbourne in March 2006, the first new F1 to emerge since Toyota made its debut in 2002.

The team, which will run Dallara chassis, is owned by the Midland Group, an international trading and investment company, registered in Guernsey but in Russia.

The team has yet to secure an engine deal, but is said to be in "advanced talks" with a number of suppliers.

With regards drivers, a spokesperson for the team said that it is hoped that Midland F1 will introduce a "Russian rookie in the near future".

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New F1 team to make debut in Australia 2006

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