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Wednesday, May 13, 2009

F1's game of chicken

Renault is the latest to follow on Ferrari's threat to quit, releasing a statement on its Web site. An excerpt:

“Our aim is to reduce costs while maintaining the high standards that make Formula One one of the most prestigious brands on the market. We want to achieve this in a coordinated manner with the regulatory and commercial bodies, and we refuse to accept unilateral governance handed out by the FIA. If the decisions announced by the World Council on the 29th of April 2009 are not revised, we have no choice but to withdraw from the FIA Formula One World Championship at the end of 2009.”
--ING Renault F1 Team Managing Director, Flavio Briatore

F1 Grand Prix of Spain - Qualifying

Read the statement in full.

Meanwhile, at Ferrari, Kimi Raikkonen and Felipe Massa released statements in the wake of team's decision.

Toyota team president John Howett, in an interview with Autosport, stresses the teams wish to continue in F1, but want “to establish a correct and proper basis of governance for the sport.”

Obviously, we are playing a game of brinksmanship, and while big words are being bandied about, Bernie Ecclestone is hoping cooler heads will win out.

“I hope common sense will prevail because the last thing we want to do is lose any of the manufacturers or teams currently in Formula One,” he told the Times.

FOTA is to meet with Mosley ahead of Monaco.


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