Mercedes-Benz has announced that it has bought a controlling stake in the recently-crowned Formula 1 champions Brawn GP and re-named it Mercedes Grand Prix.
Mercedes-Benz has announced that it has bought a controlling stake in the recently-crowned Formula 1 champions Brawn GP and re-named it Mercedes Grand Prix.
The Formula One Team Association (FOTA) has announced their intention to withdraw from the Formula One Championship at the end of the season and create their own championship series for 2010. FOTA is comprised of Brawn GP, McLaren, Renault, Ferrari, BMW Sauber, Toyota, Red Bull and Toro Rosso. FOTA has been frustrated by recent budget cap proposals of £40 million and a general disregard of the team’s opinions by the FIA.
Click through to read the statement released by FOTA:

Formula 1 Diffuser
The complaints over the double-decker rear diffuser designs have been rejected as the diffusers were ruled legal by the FIA’s International Court of Appeal. Brawn, Toyota and Williams were all using the different diffusers which are believed to give the cars at least a half second advantage per lap.
Following the recent ruling, Ferrari stated that they have no choice but to modify the Ferrari F60 in 2009 in order to be able to compete.
Ferrari have gotten off to a horrible 2009 campaign as team drivers Felipe Massa and Kimi Raikkonen haven’t secured even one point in the first two races.
Source: Formula1.com