F1 teams form body to protect interests | FerrariChat
Buy

F1 teams form body to protect interests

Discussion in 'F1' started by 62 250 GTO, Jul 29, 2008.

This site may earn a commission from merchant affiliate links, including eBay, Amazon, Skimlinks, and others.

  1. 62 250 GTO

    62 250 GTO F1 Veteran

    Jan 9, 2004
    7,765
    Nova Scotia Canada
    Full Name:
    Neil
    #1 62 250 GTO, Jul 29, 2008
    MARANELLO, Italy (AP) -- Formula One's 10 teams created an association Tuesday to safeguard their interests in response to rule changes proposed by motor sports' governing body.

    Ferrari said in a statement that the meeting at its headquarters had produced a unanimous decision to establish a new "Formula 1 Teams Association."

    The body will work with the Federation Internationale de l'Automobile (FIA) "to agree upon regulations and commercial conditions which will provide a framework for a strong and dynamic sport."

    The 10 F1 team principals decided to meet with the sport's main commercial rights holders after FIA president Max Mosley introduced a plan to decrease team budgets by 50 percent and improve fuel efficiency.

    FIA plans to implement the measures by 2011 and has given the teams three months from the issue of the letter earlier this month to provide proposals or abide by the changes, which aim to make the sport more competitive, cheaper and greener.

    Bernie Ecclestone, chief of Formula One Management, and Donald McKenzie, president of CVC Capital Investment, also attended the meeting. CVC is the principal shareholder of F1's commercial rights.

    Next year, F1 will move to hybrid technology through KERS, an energy recovery system that will reduce carbon dioxide emissions.
     
  2. VIZSLA

    VIZSLA Four Time F1 World Champ
    Owner

    Jan 11, 2008
    41,692
    Sarasota
    Full Name:
    David
    #2 VIZSLA, Jul 29, 2008
    Something's afoot. Any wild speculations out there ? (you know who you are ;) ).
     
  3. Senna1994

    Senna1994 F1 World Champ

    Nov 11, 2003
    13,192
    Orange County
    Full Name:
    Anthony T
    #3 Senna1994, Jul 29, 2008
    Maybe they are fed up with Mosley's proposals and want to get rid of the FIA.
     
  4. VIZSLA

    VIZSLA Four Time F1 World Champ
    Owner

    Jan 11, 2008
    41,692
    Sarasota
    Full Name:
    David
    #4 VIZSLA, Jul 29, 2008
    Well Bernie was there but not Max.
     
  5. kraftwerk

    kraftwerk Two Time F1 World Champ

    May 12, 2007
    26,826
    England North West
    Full Name:
    Steve
    #5 kraftwerk, Jul 29, 2008
    Dont tell me he was busy back at it in that flat...!!! ;)
     
  6. GrndLkNatv

    GrndLkNatv Formula Junior

    Sep 13, 2006
    878
    Grand Lake, Colorado
    Full Name:
    Mark Stephens
    #6 GrndLkNatv, Jul 29, 2008
    Piero stated earlier that KERS is stupid and a waste of time. That engines and technology and such is more important. Bernie said that Max would have F1 running lawn mower engines here soon if he has his choice.. My best guess is that the teams are going to tell Max and the FIA to go ..ck themselves and they are going to go build high tech cars to win and spend what they want on them. I also would look for Max to be out on his ... here soon..

    Money talks, and the 10 teams have way more than the FIA and Max... Notice Bernie was there and Max wasn't.
     
  7. Far Out

    Far Out F1 Veteran

    Feb 18, 2007
    9,768
    Stuttgart, Germany
    Full Name:
    Florian
    #7 Far Out, Jul 29, 2008

    I guess he was just on the other side of the street in the hotel, this time ladies with Italian uniforms. He was in a bit of a hurry, we all know how Italians in uniforms change sides at half time :D


    @topic: The talks of the teams forming an own series have been going on for, like, 15 years? Only interesting thing is that Bernie's now with them. He's been their primary target over the last years, really looks like they want to get rid of Max now first...
     
  8. VIZSLA

    VIZSLA Four Time F1 World Champ
    Owner

    Jan 11, 2008
    41,692
    Sarasota
    Full Name:
    David
    #8 VIZSLA, Jul 29, 2008
    So they couldn't get rid of Max one way...
     
  9. Gilles27

    Gilles27 F1 World Champ

    Mar 16, 2002
    13,337
    Ex-Urbia
    Full Name:
    Jack
    #9 Gilles27, Jul 30, 2008
    Well, the acronym does spell F1TA!
     

Share This Page