A deal has finally been reached between the FIA and FOTA (Formula One Teams Association), which will ensure there will be one unified Formula 1 Championship in 2010. FOTA, comprised of eight Formula 1 teams, banded together in response to the FIA’s proposal to place a budget cap of $65 million per team. After much bitter debate, FOTA announced that they would break free of Formula 1 and the FIA to form their own racing championship. After being served this ultimatum, Formula 1 Supreme Leader Bernie Ecclestone was forced to negotiate in order to save his empire.
On Wednesday it was announced that current FIA President Max Mosley has agreed not to run for re-election. This may have been mandated by either Ecclestone or FOTA as the tone of recent statements from Mosley suggested negotiation was not an option.
Source: Jalopnik




Australia’s only Formula 1 driver, Mark Webber, has stated the Red Bull F1 cars are not going to be competitive at this weekend’s Australian Grand Prix. He has stated that the Red Bull cars don’t feel bad, but the other team’s cars are just performing much better. Webber also said that the car setup favors the driving style of new Red Bull teammate Sebastian Vettel more than his own. The favorites to the win the Aussie Grand Prix include Williams, Ferrari, and BMW according to Webber.
The President of Ferrai, Luca Cordero di Montezemolo, has lashed out against Formula One’s new scoring system calling it “dangerous” and “absurd”. The FIA’s new scoring system will name the champion based on who wins the most races as opposed to the previous points system. If this system was in place last year the championship would have been handed to Felipe Massa instead of Lewis Hamilton.







