The Lotus F1 team has been awarded the 1final entry in the 2010 Formula One championship, the sport's governing body has announced.
The FIA said it had also received an "impressive" application from the BMW Sauber team, but given the uncertainty about the ownership of the Hinwil squad the governing body decided to give the entry to Lotus.
BMW was, however, given a first reserve spot in case any vacancy arises on the 2010 grid.
The governing body added the it will look into expanding the grid to 14 teams, "consulting urgently with the existing teams regarding the introduction of an appropriate rule change to expand the grid to 28 cars in time for the first Grand Prix in 2010."
The Lotus entry will be backed a company called 1Malaysia F1 Team Sdn Bhd, with Tony Fernandes as team principal. Fernandes is the founder and CEO of the Malaysian-based Tune Group, owner of the Air Asia airline.
The FIA said Mike Gascoyne will be the team's technical director and that Lotus will use Cosworth engines.