FIA and FOTA reach F1 agreement to stay together
An agreement has been reached between the FIA and the FOTA teams to prevent a breakaway Formula One series.
FOTA
Major F1 teams officially leave to create new FOTA championship
The Formula One Teams’ Association, FOTA, has officially announced that it is setting up a breakaway championship, during a press conference on June 19. Following a four-hour meeting, the eight FOTA members that includes Ferrari, McLaren, Renault, BMW Sauber, Toyota, Brawn, Red Bull Racing and Scuderia Toro Rosso, said they had grown frustrated with the FIA’s stance on new rules for 2010, and had no choice but to create their own series.
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