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Literally the only similarities between both the F5000 remakes and Formula 4 is that they are open wheel cars with wings and slicks and that they might both end up on the Supercars support bill.
Other then that, there is a considerable difference in power and speed, they will serve completely different purposes in the Australian motorsport scene and will be aimed at a different group of drivers.
Formula 3 on the other hand is in a lot more trouble if this gets off the ground, since CAMS has got no reason to keep it running and it has struggled to get remotely good grids for years now.
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