Archive for June, 2009

FOTA and FIA Resolve Dispute, Mosley Out as FIA President

Posted in Bernie Ecclestone, Formula 1, FOTA with tags , , , , , , , on June 24, 2009 by autoracingpower

max-mosley-fiaA 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

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FOTA vs. FIA Battle Time Line Revealed

Posted in Bernie Ecclestone, Formula 1, FOTA with tags , , , , , , on June 19, 2009 by autoracingpower
FOTA - Formula One Teams Association

FOTA - Formula One Teams Association

The recent announcement by the FOTA has rocked the Formula 1 world. The FOTA teams are showing their solidarity and making their intentions known to the world. A resolution is still possible and if Ecclestone wants save his empire he will have to cave and give these top tier teams what they want. How do did we even get to this point? F1-live.com provides a great time line showing the key points in this politically charged year in Formula 1.

Click the link below:

FOTA vs. FIA Time Line

Formula 1 Rebel Teams Announce Break Away From FIA

Posted in BMW Sauber, Brawn GP, Ferrari, Formula 1, FOTA, McLaren Mercedes, Red Bull, Renault, Toro Rosso, Toyota with tags , , , , , , , , , , , on June 19, 2009 by autoracingpower

FOTA Formula 1The 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:

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