A question for all of you; what are your thoughts on the engine homologation? Is it going the way you want it to? What do you personally want out of the engine homologation rules?
Mario Theissen: Well, I think it is a constructive and reasonable discussion which is still going on. So I think it is a positive situation. We are evaluating what is good for the sport, what is good for the teams and everybody involved and yesterday in the Sporting Working Group, Charlie Whiting confirmed that the FIA will support this process so for the time being, I think it is a good situation and a good discussion.

Nick Fry: At the moment, assuming it carries on with good dialogue over the next week or so, I think there's light at the end of the tunnel. In answer to your question 'what do we want?' we want something which is good for the future of Formula One and a good compromise obviously between technology: a level playing field for all the competitors and obviously a level of cost reduction, so it really is a combination of things and ideally we want that from next year, providing we can reach something which meets all those criteria. But time is tight. There were discussions about having this tidied up by the end of June, which means that we've got to move fairly quickly between now and the end of next week.

Do you think that's possible, Norbert? Can that happen?
Norbert Haug: Well, I think it is really. As Mario and Nick pointed out, it was a process of ours, I would say, different to what happened in the past. I think we're heading in the right direction… the whole process started two years ago when we all met in Monaco in May and I think cost-cutting is important but it is as important to have Formula One as the pinnacle of motor sport and I think both could be combined and everybody needs to compromise. So obviously if you want to have unanimous agreement at the end - and I think that's what we all should strive for, because that would send a great signal from inside Formula One to outside Formula One - I think it is possible. And maybe it is just in time, but if we could achieve that two years after the discussion had started, and if you really have dramatic cost-cuts by then, then I think we all, as teams, as manufacturer teams especially, have done a good job. It is well known that the teams get more money in the future, which is fair; saving money on the one hand, getting more money into the teams on the other hand is a positive movement and I think that is very valuable for the teams and for Formula One.

Jean Todt: We must bear in mind that one of the issues for 2008 rules was how to reduce costs drastically for Formula One. The FIA rules, which are the ones at the moment, which should be applied do answer to this concern. Then, in the meantime, we have had some meetings: one, with an outcome, which was called the Maranello meeting. We are supporting this proposal which will cost more money than the actual (current) one in the FIA rules for '08, and another set of proposals which are the Monte Carlo proposal. We will see, in the coming days, what will be the final solution. We have the Formula One Commission in Paris on the sixth of July and we have one other very important point which is the 2007 rules, because, as I've said before, it does apply to '08 and it will not be very constructive to develop full speed the engines from now until the end of '07 and to be due to come back to the actual (current) engine specification. So I hope that we manage to find a proper solution which will achieve the initial target.

Mario, here we are in the land of Jacques Villeneuve. I'm sure the local media would like him to continue in Formula One. What does he have to do to guarantee his seat for next year?
MT: He should continue as he does. Jacques is doing very well. We are happy with the performance he puts in. He himself is happy and let's just see how the season goes. We have taken the decision for this year very late last year and it proved to be the right decision, so we are not in a hurry at all to take a decision for next year. We will give all the drivers a chance to show what they can put in, what they can achieve and on that basis we will decide.

Nick, a dramatic week for you, can you tell us how it's all evolved, how it's all happened? Give us the chronology of how it all happened?
NF: The chronology is quite simple. Clearly, this year's been disappointing, especially the last few races, especially after such a promising start pre-season and quite good performance in the first few races. The thing we're really trying to get is a very high level of integration between the people who work on the car in Japan and those in England. In some areas it's very good at the moment; in others less so, and that resulted in the appointment of Nakamoto-san, who I think is fairly well-known in Formula One circles. He's worked for our team in England for the last six years, obviously got a good knowledge of the English operation and has 17 years working on the racing side in Japan, so he's been nominated as the person to really put all this together and he will report to me.

At the same time, we're making various other changes. The operational side was under Geoff (Willis). We're splitting that out. It will report separately to me and there are various changes on the Japanese management side as well. I think people have very much concentrated on Geoff and what will happen to him, but it really is part of a total restructure, a really much more flat structure than we've had up until this point in time, with the aim of involving, as far as practicable, as many people as possible, both here (in England) and in Japan. And so, hopefully, it's not a short term plan. It's one that obviously needs time to bed down but it's hopefully aimed at improving our performance in the longer run.

The Geoff question, which I've been asked numerous times: he's on gardening leave at the moment and discussions will continue over the next couple of weeks on what the future holds and that will be a mutual decision between ourselves, specifically myself and Geoff. But, as we're here in America at the moment and he's in England, that's something that probably won't be resolved until the week after we get back.