In the wake of its omission from the 2010 entry list, Team Lotus, aka Litspeed, remains hopeful that there might yet be a vacancy.

In a statement issued following the release of the 2010 entry list, the team said:

"The FIA have today announced their preliminary list of teams for the 2010 F1 Championship. Team Lotus is disappointed not to be on that provisional list. However, we understand that in the event that any of the teams listed do not agree the terms imposed by the FIA, we are short-listed to fill any spots which become available.

"Therefore we remain in close contact with the FIA and will work with them to ensure that Team Lotus is selected in the event that any spaces become available in the next seven days. Our team remains committed to motor racing and does not intend to let this initial disappointment deter our Formula 1 ambitions."

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Team Lotus remains hopeful

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