Formula 1 Rebel Teams Announce Break Away From FIA

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:

Sebasitian Vettel Sets Fastest Lap in Barcelona Testing

Sebasitian Vettel (the other Formula One young phenom) is off to a great start with his new Red Bull team. He set the fastest lap for the second straight day in Formula One testing at Barcelona’s Circuit de Catalunya. His fastest lap was set at 1:19.295. Vettel is coming off a great year with Toro Rosso in which he became the youngest driver to win a Formula One race with his impressive performance at Monza.

Source: The Canadian Press