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Wednesday, December 10, 2008

FIA, FOTA agree to cut costs

The FIA and the FOTA reached an agreement on cost cutting measures Wednesday, with full details to be released tomorrow.

The statement claims agreement was reached on all of the FIA’s objectives, which would seem to imply a compromise was reached on standardized engines, perhaps the most visible point of contention between the teams and the governing body.

The FIA World Motor Sport Council meets Friday to give final approval to the proposals.

The full text of the press release:
Press Release
FIA and FOTA Meeting

FIA and FOTA have had the most successful meeting on Formula One matters which any of the participants can remember.

Agreement was reached on measures to meet all the objectives originally put forward by the FIA for 2010 and thereafter in addition to which FOTA have now made proposals for very significant cost saving in 2009 while maintaining Formula One at the pinnacle of motor sport and reinforcing its appeal.

These proposals will be put to the FIA World Motor Sport Council on Friday following which full details will be released.

FIA President Max Mosley said,

“I am delighted with the outcome of this meeting.”

FOTA President Luca di Montezemolo said,

“The unity of the teams was fundamental to meeting the goals for a new Formula One, but with the same DNA, as requested by the FIA.”

It’s Buemi again

Toro Rosso’s Sebastien Buemi topped the second day of testing at Jerez, leading fellow STR hopeful Takuma Sato, as both proved faster than incumbent Sebestien Bourdais in fourth. McLaren test driver Pedro de la Rosa was third.
Testing times:
  1. Sebastien Buemi, Toro Rosso, 1:18.073
  2. Takuma Sato, Toro Rosso, 1:18.601
  3. Pedro de la Rosa, McLaren, 1:18.673
  4. Sebastien Bourdais, Toro Rosso, 1:19.032
  5. Kimi Raikkonen, Ferrari, 1:19.334
  6. Heikki Kovalainen, McLaren, 1:19.631
  7. Fernando Alonso, Renault, 1:19.907
  8. Nico Rosberg, Williams, 1:20.309
  9. Nick Heidfeld, BMW-Sauber, 1:20.365
  10. Felipe Massa, Ferrari, 1:20.490
  11. Robert Kubica, BMW-Sauber, 1:20.954

Porsche unlikely to pursue IndyCar

Porsche has gone on record with Autoweek.com, saying it is unlikely to join the IndyCar series, despite taking part in an informational meeting with series organizers in June. Don't miss the top stories of the day, subscribe to the SpeedRead Web newspaper now! -- Email SpeedRead -- Learn more about author C.D. Six



F1Wolf said...

we will see, we will see ... they haven't exaclty said much about that :-)

I hope that they came up with something sensible ...

SpeedRead said...

fingers crossed :)

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