Formula One news

FIA and FOTA reach agreement

The FIA and FOTA (Formula One Teams' Association) have reached what is being described as a 'landmark' agreement on cost cutting in F1 following a meeting today in Geneva.

On the table were discussions to reduce costs of competing in F1 significantly from next season.

"Today's meeting in Geneva has produced significant cost savings for 2009 and 2010," a join statement from FIA and FOTA read. "FOTA are working urgently on further proposals for 2010 and thereafter."

FOTA will meet again at the Brazilian Grand Prix to discuss further issues before another meeting with the FIA after the end of the season.

more news

• 06 Jul.
  • Vettel more 'comfortable' at home
  • New aerodynamic components at Renault
  • Mallya hoping for better qualifying
  • Alonso looking for 'magic' solution
  • Trulli recognises importance of next race
  • GPUpdate TV: Wilson collects first Dale Coyne win
  • Racing takes priority for Hartley
  • Photos: Goodwood Festival of Speed
• 05 Jul.
  • Barrichello aiming to win again
  • Hamilton unable to drive Senna's McLaren
  • Updated double diffuser for BMW
• 04 Jul.
  • Problem analysis a strong point, says Brawn
  • Kovalainen hails 'great' circuit
  • Home Grand Prix looms for Heidfeld
• 03 Jul.
  • Campos driver announcement expected in August
  • World's fastest rollercoaster at Nürburgring
  • Mixed Nürburgring memories for Hamilton
  • Piquet doubtful of Renault recovery
  • Senna Jr. to drive Uncle's McLaren
  • Plans progressing for Bulgarian Grand Prix
  • Goodwood hosts Festival of Speed
  • Dallara ready for Campos mission
• 02 Jul.
  • Special Heidfeld helmet design revealed
  • Williams and Force India outside FOTA discussions
  • Hockenheim in revival talks with Ecclestone
  • Heidfeld interested in several teams
  • Fry keen to see Barrichello on top
  • 'Only a mad Max would advise Todt'
  • F1 returning to streets of Moscow
• 01 Jul.
  • Alguersuari hoping for Toro Rosso drive
  • Glock remaining bright over chances
  • Ferrari clear Alonso talk as speculation
  • Bird to drive '96 Williams at Goodwood
  • Williams to celebrate 40 years at Goodwood
  • Alguersuari replaces Hartley as Red Bull reserve
  • George resigns as Indy chairman
  • Bridgestone changes allocation format
  • Nakajima 'better' than last year
  • Bourdais 'thinks before he drives'
• 30 Jun.
  • GPUpdate TV: Dixon leads Ganassi 1-2 at Richmond

Homepage