Formula One news

Teams still united, confirms di Montezemolo

All Formula One teams remain on talking terms and united, according to Luca di Montezemolo, as the dispute rages over the FIA's £40m budget cap ahead of next season. The Formula One Teams' Association (FOTA) met in Monte-Carlo on Friday with just one week remaining before the entry deadline for the 2010 World Championship.

Formula 1 team bosses met with FIA president Max Mosley and commercial rights holder Bernie Ecclestone on Friday afternoon in Monaco onboard the luxury yacht of Renault's Flavio Briatore. "As always there's been a very good meeting, with a very good atmosphere and we are all together," FOTA and Ferrari president di Montezemolo told Reuters. "We will be in position to go to the chairman of the FIA saying, in a very constructive but very clear way, the position of FOTA.

"What is most important is that our views of the future are absolutely in common; we want to be in Formula One, we don't want something else."

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