FIA president Max Mosley said on Sunday that a deal is close to prevent eight Formula One teams from forming a rival series and that legal action would be halted to encourage a resolution.
Motor sport’s governing body had said that legal proceedings would begin without delay after the Formula One Teams Association decided to split on Friday when talks broke down to resolve a dispute over a voluntary budget cap for next year.
But Mosley told The Associated Press at the British Grand Prix in Silverstone that progress has been made.
“There won’t be any writ. I think we would rather talk than litigate,” Mosley said…Â Details
Red Bull’s Sebastian Vettel will start Sunday’s British Grand Prix from pole position after a commanding performance in qualifying at Silverstone. Vettel beat Brawn’s Rubens Barrichello by over three-tenths of a second.
The 21-year-old German played second fiddle to Webber in the first part of Q3, but turned the tables with a superb on-the-limit final flier.
Home hero Jenson Button could only manage sixth after struggling with a lack of grip, while 2008 Silverstone winner Lewis Hamilton was sidelined in Q1 and will start on the back row of the grid…Â Details
Max Mosley has vowed to wage a £1 billion legal war against the eight rebel Formula One teams threatening to set up a rival race series.
On the eve of the British Grand Prix, the controversial president of the FIA, the sport’s governing body, switched the attention of Formula One from the Silverstone track to the benches of the High Court, where the next blows in what promises to be a bloody battle of attrition could start early next week.
Far from frightening the “Breakaway Eightâ€, they were galvanised and insisted that they would … Details
Formula One’s biggest teams began preparations for a breakaway series early Friday after failing to resolve their dispute with motor sport’s governing body over financial constraints.
The Formula One Teams’ Association announced it would not compromise on the quality of the series by signing up unconditionally for the 2010 F1 season under the FIA’s radical new plans for cost-cutting.
FOTA also criticized the FIA’s “uncompromising†stance and attempts, along with the commercial rights holder, to divide its member teams.
FIA president Max Mosley was insistent on introducing a voluntary $60 million budget cap for teams to curtail a “financial arms race†in F1. Those that don’t agree to the cap would have more technical restrictions, something Ferrari president Luca di Montezemolo had called “fundamentally unfair.â€
Now the Italian team, which has competed in every F1 race since 1950, as well as championship leader Brawn GP, McLaren, Renault…Â Details
