HUNTINGDON-based racing car manufacturer Lola hopes to know early next month whether it will be part of an expanded Formula One line-up in 2010. On Friday, the sport's governing body, the Fédération Internationale de l'Automobile, announced new rules to attract teams such as Lola, including a cap on expenditure. For 2010, teams that take part under the cap rules - they are not compulsory for existing teams - will be limited to spending £40million on the F1 season, excluding the cost of engines (which will be covered in later years), driver's wages, marketing and hospitality. Lola is expected to submit a formal application towards the end of May and to know early in June whether it has been successful - possibly even before the chassis constructor takes on the mighty and hitherto dominant Peugeot and Audi diesels in the Le Mans 24 Hours on June 13 and 14. Although £40million cap is a third higher than the previously foreseen £30million, it has not deterred the St Peter's Road company, which is owned by former racing driver Martin Birrane.