FIA Abandons Two-Tier System for 2010 Formula 1 Season

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FIA Abandons Two-Tier System for 2010 Formula 1 Season
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Max Mosley, the head of the FIA (Formula 1’s governing body) has agreed to scrap the Two-Tier system he had proposed for the series starting next year. The system was opposed by almost every team in the Formula One Team’s Association (FOTA), including Ferrari, which issued a press release last week announcing its opposition and… Continue Reading...

Ferrari To Quit Formula 1 Next Year Unless Rules Change

Ferrari To Quit Formula 1 Next Year Unless Rules Change
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Ferrari has officially declared that if FIA president Max Mosley intends to go through with his plan for a two-teared budgetary system in Formula 1 he can count the prancing horse out. In a statement Ferrari’s board of directors declared that if the FIA goes ahead with it’s plans, “then the reasons underlying Ferrari’s uninterrupted… Continue Reading...