Formula One news

FIA and FOTA agree on cost saving

The FIA and FOTA have had the most successful meeting on Formula One matters which any of the participants can remember the FIA said in a statement on Wednesday evening.

According to a FIA statement an agreement was reached `during their meeting in Monaco today on measures to meet all the objectives originally put forward by the FIA for 2010 and thereafter in addition to which FOTA have now made proposals for very significant cost saving in 2009 while maintaining Formula One at the pinnacle of motor sport and reinforcing its appeal.

These proposals will be put to the FIA World Motor Sport Council on Friday following which full details will be released. FIA President Max Mosley said: "I am delighted with the outcome of this meeting."

FOTA President Luca di Montezemolo said about the meeting with the FIA: "The unity of the teams was fundamental to meeting the goals for a new Formula One, but with the same DNA, as requested by the FIA."

more news

• 10 Nov.
  • 'The highest achievement of my career' - Brawn
  • Michael: Change tracks for more overtaking
• 09 Nov.
  • Toro Rosso to run Hartley at Jerez test
  • Ricciardo to test with Red Bull
  • Alguersuari becomes SEAT ambassador
  • Rosberg hoping for 2010 title fight
  • Buemi retained by Toro Rosso for 2010
  • Lee McKenzie's End of Season Review 2009 (Part 2)
  • Fauzy set for Lotus reserve role
  • Lotus scouting for fresh talent
• 08 Nov.
  • 'I came out of it stronger' - Hamilton on 2009
• 07 Nov.
  • Alonso enjoys first Ferrari factory visit
  • Brawn looking forward to Senna debut
• 06 Nov.
  • Follow GPUpdate.net on Twitter!
  • Wind tunnel operator sues Force India
  • Toyota-assisted Kobayashi eyeing Lotus seat
  • Sutil: Abu Dhabi 'a shame' for Force India
  • Lee McKenzie's End of Season Review 2009 (Part 1)
  • Lotus wanting experienced drivers
  • Anthony Hamilton: Räikkönen the best option for McLaren
• 05 Nov.
  • Renault decision to come in December
  • GPUpdate TV: Vettel receives sports car prize
  • Ecclestone: 2 days for Silverstone to sign
  • Etihad and Aldar to pay damages to Force India
  • 'F1 organisers to blame for lost teams' - Ferrari
  • Hülkenberg to test Williams next month
• 04 Nov.
  • FIA warns again: Credit crunch will win
  • Renault holds emergency meeting about F1 future
  • FOTA thanks Toyota's Howett
  • Ekström beats Schumacher for Race of Champions
  • Hülkenberg targeting Barrichello pace
  • Photos: Race of Champions 2009
  • Pirelli not interested in F1
  • Vettel and Schumacher win ROC Nations Cup
  • Toyota highlights reasons for F1 exit
  • Official: Toyota leaves Formula One
  • An interview with Kamui Koabayshi
• 03 Nov.
  • 'Toyota set to end Formula One project'
  • Red Bull to announce engine partner 'very shortly'
  • Schumacher: Comeback was for Felipe

Homepage