Renault joined Ferrari in threatening to withdraw from next season’s Formula One world championship because of the budget cap imposed by the sport’s governing body.
Renault said Wednesday it is frustrated that FIA adopted the new regulations while ignoring alternative plans proposed by the teams.
Like Ferrari a day earlier, Renault said it will only take part in the 2010 championship if FIA revokes the new regulations – putting pressure on the ruling body ahead of a meeting between all parties at a Heathrow airport hotel on Friday.
FIA president Max Mosley is leading the FIA’s push to curb costs, with a voluntary $60-million budget cap being made available to teams. Teams that don’t adhere to the cap will not receive the same technical freedom… Details