FEBRUARY 27, 2009
FIA moves on new F1 teams
The FIA says that it is going to propose radical changes to safeguard the future of Formula 1.
"In view of the difficult economic conditions which continue to affect F1 sponsors and major car manufacturers, the FIA is preparing radical proposals for 2010," the federation said. "If adopted by the World Motor Sport Council, the new regulations will enable a team to compete for a fraction of current budgets but nevertheless field cars which can match those of the established teams.
"These regulations will not affect the established teams which now have stable backing from the major car manufacturers, but will enable new teams to fill the existing vacancies on the grid for 2010 and make it less likely that any team will be forced to leave the championship."
The proposals will go to the World Council on March 17.
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