GPWC not ready to give up

Despite Ferrari recently agreeing to extend the Concorde Agreement from 2008 until 2012, it seems Grand Prix World Championship (GPWC) is not ready to give up its fight. Ferrari was a key member of the group that aims to host a rival championship...

Despite Ferrari recently agreeing to extend the Concorde Agreement from 2008 until 2012, it seems Grand Prix World Championship (GPWC) is not ready to give up its fight. Ferrari was a key member of the group that aims to host a rival championship from 2008, and it looked like that plan was foiled when the Scuderia committed itself to Formula One.

However, reports indicate that GPWC -- which now consists of BMW, Mercedes and Renault -- is not to be deterred. A spokesman for the group said chairman Jürgen Hubbert has written to the other teams and urged them to wait and see the GPWC outline for the future before making any decisions.

"The GPWC continues to fight for their four objectives," the spokesman said, according to Reuters. "So far we cannot say whether this agreement brings us closer to these objectives. Until we know for a fact that this has been achieved, nothing changes to the GPWC strategy."

The GPWC plans are due to be shown to the teams before the first race in Melbourne. "I'm confident that the presentation will clearly demonstrate that together we can create an environment of fairness for our sport different to that which appears to result from Ferrari's unilateral decision to enter to a private agreement with the commercial rights holder and FIA," Hubbert said in his letter.

The teams are due to meet with Bernie Ecclestone next week to discuss the new Concorde Agreement. Ecclestone said those he had spoken to already were positive about the agreement, which he believes will offer "incomparable advantages". Some were reportedly not happy that Ferrari jumped the gun but Ecclestone claimed that himself, Ferrari and the FIA always sign first.

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About this article
Series Formula 1
Drivers Bernie Ecclestone
Teams Ferrari , Mercedes