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The FIA has announced it will keep the Formula One entry list at 12 teams for 2011 and 2012, after deciding that none of the those bidding for a 13th entry next season met the necessary requirements.

The FIA is to review the rules relating to team orders in Formula One racing after its World Motor Sport Council (WMSC) decided on Wednesday to impose no further sanction on Ferrari for their controversial one-two finish in July’s German Grand Prix.

With the inaugural Korean Grand Prix just under two months away, organisers have released a set of images of the brand-new Yeongam track. The circuit, which is currently 90 percent complete, will hold a special event this weekend to mark the 50-day countdown to the Korean race.

This year the Hungaroring circuit will host its 25th grand prix, having staged an event every year since 1986. The track, located some 25 kilometres from Hungary’s capital, Budapest, is largely unchanged from its original layout and is notoriously tight, twisty and slippery, as it is little used between Formula One Grand Prix weekends. It has traditionally favoured cars with good mechanical grip and strong slow-corner performance.