24/06/2009
NEWS STORY
While FOTA isn't due to issue a statement until tomorrow, Ferrari has reacted to Max Mosley's decision not to stand for re-election as FIA President and the subsequent agreement that there will be no breakaway series.
In the light of Mosley's decision and the release of an updated entry list for 2010, Ferrari issued the following:
"Today the FIA World Council accepted the proposals formulated by FOTA for the 2010 Formula 1 World Championship.
"A Championship, which will be held, as suggested by FOTA, in the spirit of sporting and technological competition, with clear and fixed rules and transparent governance, handled by the F1 Commission.
The objective is to avoid continual changes decided on by one person alone and to gradually reduce costs, to get back to levels of spending similar to those of the early Nineties within the next two years.
The FOTA teams constantly promoted these objectives in the interests of motorsport and all its protagonists, first and foremost the fans."