It’s the 3rd June 2009 and this is F1Minute.

Toyota president John Howett has been speaking about FOTA’s conditions for the 2010 season, and is convinced that the teams and the FIA will be much closer, even united, if the FIA agree to what they want. Howett says: "The constructive and open atmosphere within the organisation gives me great hope for the future health of Formula 1. We have consistently said we want to continue to participate in Formula 1, and if our conditional entry is accepted we will commit to the sport until at least the end of the 2012 season. If and when that happens, the unfounded rumours surrounding our future should stop.”

Yet another new entry for the 2010 season has revealed themselves. Epsilon Euskadi were rumoured to be submitting a team for next year, but it wasn’t confirmed until today. If the budget caps go ahead, they have funding for the next four years.

That’s all for now, please join me again tomorrow for another F1Minute.