The FIA, headed by Max Mosley, want to introduce an optional 40 million pound ($60.7 million) budget cap next year to encourage new teams to enter.
The plan would allow capped teams to operate with far greater technical freedom than those continuing with unlimited budgets.
Ferrari’s president Luca di Montezemolo, head of the Formula One Teams’ Association (FOTA), has warned it would create a two-tier championship that could be “fundamentally unfair and perhaps even biased… Details
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