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THE FORMULA ONE TEAMS ASSOCIATION has stunned the motorsport world by announcing it will establish a breakaway World Championship for next season.
Teams met at Renault F1’s Enstone headquarters overnight to discuss the merits of FIA President Max Mosley’s final compromise offer before Friday’s deadline.
Mosley had agreed to increase the 2010 cap to €100 million before [...]
THE THREAT of a breakaway elite racing championship has inched ever-closer after the European Automobile Manufacturers Association entered the Formula 1 budget cap row in defence of its members.
In a statement, the Association (ACEA) slammed FIA President Max Mosley’s governance of Formula 1, expressing its support for calls of a complete overhaul aimed at slashing [...]
THE FORMULA ONE TEAMS ASSOCIATION has held last-ditch talks with FIA President Max Mosley in an attempt to reach a compromise agreement ahead of the 2010 entry list announcement tonight.
Ferrari’s Luca di Montezemolo, along with Toyota boss John Howett, Red Bull team principal Christian Horner and Brawn GP owner Ross Brawn were reportedly engaged in [...]
SEVEN TIME WORLD CHAMPION Michael Schumacher has become the latest big name to weigh-in on the budget cap row threatening to jeopardise the future of Formula 1.
With the FIA set to announce the 13 participants for next year’s championship on Friday, the sport is facing a proverbial race against time to find a solution and [...]
THE FORMULA ONE TEAMS ASSOCIATION has reportedly commenced discussions with MotoGP organisers Dorna over the prospect of launching a breakaway Grand Prix series.
Spanish newspaper AS has reported that the teams are looking to lay the foundations for a rival championship if FIA President Max Mosley refuses to back down on his demand the teams submit [...]
TOYOTA MOTORSPORT PRESIDENT John Howett has revealed the manufacturer is prepared to commit to Formula 1 until 2012 if the FIA scraps its plan to introduce a budget cap next year.
As Vice-President of the Formula One Teams Association (FOTA), Howett has been vocal in his opposition against the proposed changes to the 2010 regulations, stating [...]
FERRARI TEAM PRINCIPAL Stefano Domenicali has denied the team’s decision to lodge a conditional entry for next year’s championship signals its acceptance of the budget cap.
The nine remaining members of the Formula One Teams Association (FOTA) lodged a block application last week on the proviso that the FIA and Formula One Management sign a new [...]
Ferrari has threatened to take further legal action after a French court rejected its bid to overturn the FIA’s new budget cap regulations.
While the Tribunal de Grande Instance in Paris acknowledged Ferrari’s veto rights, the court ruled that they should have been exercised during April’s meeting of the World Motor Sport Council.
FIA President Max Mosley welcomed [...]
A French court is set to rule tonight on the Ferrari-led injunction against the FIA’s controversial 2010 budget cap regulations.
Toyota, Red Bull and Renault joined the Scuderia in launching a last minute legal attempt to block the new rules, after a meeting with FIA President Max Mosley and F1 commercial rights holder Bernie Eccelstone failed [...]
Formula One supremo Bernie Eccelstone has offered hope of ending the gridlock between the FIA and FOTA, saying 2010’s proposed two-tier system will be scrapped.
During last week’s crisis meeting at Heathrow, Ecclestone said it was unanimously agreed that next year’s championship should operate under a single set of regulations.
“I think the most important thing that [...]
It’s official. Ferrari has announced it will not participate in the 2010 Formula One World Championship unless the FIA conducts a severe makeover of the new budget cap regulations.
The Italian manufacturer had previously indicated its commitment to F1 was in doubt, with company president Luca di Montezemolo issuing a threatening letter to FIA President Max [...]
The furore surrounding Formula One’s proposed 2010 budget cap is set to heat up after Ferrari announced its Board will meet tonight to discuss the manufacturer’s racing future.
Ferrari President Luca di Montezemolo is opposed to the FIA’s new regulations and believes their introduction breaches an agreement signed in 2005 which hands Ferrari ‘veto’ rights on [...]
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