Thursday, May 14, 2009

FIA stands firm amid F1 quit threats


F1 : FIA stands firm amid F1 quit threats - FIA - F1-Live.com: "Officials of F1's governing body insist they have not been swayed by the threats of leading Formula One teams.

The FIA wants to introduce budget caps next year, but key names including Ferrari, Renault, Toyota, BMW and Red Bull have objected stridently, particularly to Max Mosley's offer of 'two-tier' rules that would allow them to keep spending."

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