| |||||||
|
FOTA United On The FutureSilverstone, - Since the formation of FOTA last September the teams have worked together and sought to engage the FIA and commercial rights holder, to develop and improve the sport.
Unprecedented worldwide financial turmoil has inevitably placed great challenges before the F1 community. FOTA is proud that it has achieved the most substantial measures to reduce costs in the history of our sport. In particular the manufacturer teams have provided assistance to the independent teams, a number of which would probably not be in the sport today without the FOTA initiatives. The FOTA teams have further agreed upon a substantial voluntary cost reduction that provides a sustainable model for the future. Following these efforts all the teams have confirmed to the FIA and the commercial rights holder that they are willing to commit until the end of 2012. The FIA and the commercial rights holder have campaigned to divide FOTA. The wishes of the majority of the teams are ignored. Furthermore, tens of millions of dollars have been withheld from many teams by the commercial rights holder, going back as far as 2006. Despite this and the uncompromising environment, FOTA has genuinely sought compromise. It has become clear however, that the teams cannot continue to compromise on the fundamental values of the sport and have declined to alter their original conditional entries to the 2010 World Championship. These teams therefore have no alternative other than to commence the preparation for a new Championship which reflects the values of its participants and partners. This series will have transparent governance, one set of regulations, encourage more entrants and listen to the wishes of the fans, including offering lower prices for spectators worldwide, partners and other important stakeholders. The major drivers, stars, brands, sponsors, promoters and companies historically associated with the highest level of motorsport will all feature in this new series.
![]()
February February 5/12 - F1 -Lotus - Rexona and Clear Sponsor Lotus F1 Team February 4/12 - F1 -Caterham - Giedo van der Garde Confirmed as Caterham F1 Team Reserve Driver February 3/12 - F1 -Toro Rosso - CEPSA Renews Sponsorship Agreement With Scuderia Toro Rosso February 3/12 - F1 -BMW Sauber - Sauber F1 Team Reorganises its Technical Department February 3/12 - F1 -HRT - Q&A with Narain Karthikeyan February 3/12 - F1 -Ferrari - The F2012 has left for Jerez February 3/12 - F1 -Ferrari - Ferrari F2012: New Single-Seater Presentation February 3/12 - F1 -Ferrari - Ferrari and Santander together until 2017 February 3/12 - F1 -Force India - Sahara Force India unveils the VJM05 at Silverstone February 3/12 - F1 -HRT - Narain Karthikeyan completes HRTs lineup for 2012 |
![]()
|
||||||||||||||||||||||||||
NoFenders.com - Copyright © 2005-2012 All Rights Reserved |