The series' Middle East expansion continued in 2010 with a second round held at the Yas Marina Circuit in Abu Dhabi. In November 2010, the series was granted international status by the FIA for the 2011 season, allowing the series to race at up to six international venues each year. As a result, the series name was changed to the 'International V8 Supercars Championship'.  2008 saw the separate boards of directors of VESA and TEGA merge into a single board that was solely responsible for the administration of the category. The new board of directors was composed of four TEGA representatives, two members from SEL and two independent directors. In 2011, TEGA and SEL entered a sale agreement with Australian Motor Racing Partners (AMRP), which had significant financial backing from Archer Capital. This agreement saw SEL lose its 25% stake in V8 Supercars, with Archer Capital taking up a 60% share and TEGA the other 40%. A new board of directors was appointed, with two TEGA representatives and two AMRP representatives. In the middle of 2008, a project led by Mark Skaife was organised by V8 Supercars to investigate future directions for the sport. The project had the primary objective of cutting costs to $250,000 per car through the use of control parts and to create a pathway for new manufacturers to enter the series, provided that they have a four-door saloon car in mass production. The new formula, called "Car of the Future", was scheduled to be introduced before or during the 2012 season. The plan was publicly unveiled in March 2010 and was shown to incorporate several key changes to the internal workings of the car. The chassis and the cooling, fuel and electronics systems would all be changed to control parts, with changes to the engine, drivetrain, rear suspension, wheels and the control brake package. The safety of the cars was also to be reviewed and improved. While the plans were well received by all of the teams, Holden Motorsport boss Simon McNamara warned potential new manufacturers to stay out of the championship just hours after the plans were released, claiming that they would "gain nothing" from entering the series. Major changes were revealed to include a switch from a live rear axle to independent rear suspension; the use of a rear transaxle instead of a mid-mounted gearbox; the repositioning of the fuel tank to in front of the rear axle to improve safety; replacing the windscreen with a polycarbonate unit; and a switch from 17-inch to 18-inch wheels. In 2011, it was announced that the Car of the Future would not be introduced until 2013.