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Formula One’s fragile peace deal was thrown into doubt Wednesday when eight leading teams walked out of a meeting with the governing body after being told they had not been entered into the 2010 championship and would have no say on finalizing cost-cutting measures.

The Formula One Teams Association accused the FIA of putting “the future of Formula One in jeopardy” by reneging on a deal that saw them halt plans to form a breakaway series.

At a meeting of the World Motor Sport Council two weeks ago in Paris, the FIA backed down on plans to implement a voluntary budget cap that had angered FOTA.

Under their agreement, FOTA teams agreed to cut costs to 1990s levels and FIA announced they would be entered into the 2010 championship.

But at Wednesday’s meeting of the German Grand Prix to discuss the rules for the 2010 series, the FOTA teams were …  Details

This entry was posted on Wednesday, July 8th, 2009 at 2:59 pm and is filed under Automobile, Formula & Indy Cars. You can follow any responses to this entry through the RSS 2.0 feed. Both comments and pings are currently closed.

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