Bernie Ecclestone, the F1 tycoon, revealed that Aston Martin will join the championship and will be welcomed as manufacturer entrant. Aston Martin will technically join F1 by next year under the banner of Prodrive. The rebranding to Aston Martin will happen by 2012.

The Aston Martin has collaborations with the McLaren F1 but the executives from Prodrive emphasized that the F1 car will be genuinely Aston Martin.

The budget cap proposal of Max Mosley served as catalyst to the entry of Aston Martin to F1. The issue resulted to threats from various manufacturers to withdraw from F1. The cap also triggered the interest of other manufacturers should it be enforced.

The budget cap is planned to be set to $50 million for every team. This opens the barriers for other manufacturers to enter the F1 scenario, deemed to be the ultimate of motorsport.

Aside from Aston Martin, USGPE and Lola are vying for the three spots on the 2010 F1 grid. There are also rumors that Hyundai and Kia formed an alliance to put a race car on the track. When the red lights go out on the 2010 F1 season, there will be 26 cars on the grid from 13 teams.

The company was founded in 1914 when its two founders Robert Bamford and Lionel Martin found out about their desire to build superior grade sports cars. They wanted to build distinctive sports cars that were both exciting to drive and also had great looks. Martin used to compete in races that required climbing hills at Aston Ciinton.

These two things together, the name of the location where the race was held along with the name of the driver gave Aston Martin its name. So many years have passes since the first Aston Martin was released but till date it is one of the few cars that is still loved by lovers of car racing. If you are a car racing lover, and have not checked out the Aston Martin cars, it is high time that you did because you do not know what you are missing till you see on of them.