FIA President Max Mosley is in favour of the cost-cutting ideas proposed by nine of the F1 teams but believes there is still more that needs to be done. The teams, with the exception of Ferrari, signed an agreement in Brazil that proposed to ...
FIA President Max Mosley is in favour of the cost-cutting ideas proposed by nine of the F1 teams but believes there is still more that needs to be done. The teams, with the exception of Ferrari, signed an agreement in Brazil that proposed to drastically cut testing in order to cut costs. They said they would agree to 19 races on the 2005 calendar if their proposals were implemented for next year.
Mosley is pleased that the teams have agreed on something but is dubious about the changes being effected for 2005. "I have been trying to get the team principals to talk seriously about reducing costs for the past three years," he said, according to the UK's Times newspaper.
"That they are thinking along those lines is a step forward. It is a bit too late to implement these measures for next year, but we could for 2006. The point is that we need to do much more. We are in a situation where teams need 1,000 people to put two cars on the grid and that level of spending is unsustainable."
Ferrari did not sign the agreement as team boss Jean Todt claimed that he had not been invited to the meeting. Todt said he did not think that reducing testing would benefit the small teams as they did very little testing anyway. He also claimed that Michelin and Bridgestone had not been consulted about drastically cutting back on tyre testing.
Meanwhile, the Grand Prix World Championship (GPWC) group is rumoured to be making an announcement in the near future. The GPWC has been rather quiet of late but since the FIA imposed engine and aerodynamic rules for 2005 and 2006, it's speculated that the group is ready to reiterate its intention to run a breakaway series after the current Concorde Agreement expires at the end of 2007.