Click to view our fantastic subscription offers

Instant access to the F1 paddock

You have 10 views remaining

You have read 10 stories this month. After 20, you will need to register or subscribe.

Register with us for free to view 30 stories a month.

Or subscribe to AUTOSPORT+ for unlimited news stories and access to our exclusive subscriber-only content.

Our commitment to quality journalism

We've introduced metered access to AUTOSPORT which will ensure that the majority of our visitors can continue to view the site for free. But we think that is worth a small investment from those who use it most, so that we can continue to send the leading experts in their field to motor racing paddocks all over the world to break the latest news and produce the most compelling interviews and race reports.

Every visitor gets 20 free page views per month. Once you reach the limit you can register to get 30 views or choose one of our value-for-money subscription packages to continue viewing and to get additional access to a range of features including:

  • Unlimited access to AUTOSPORT with news and views from the paddock
  • Enjoy AUTOSPORT+: subscriber-only analysis, comment and top-quality pictures
  • Get AUTOSPORT magazine in a digital format on your computer or iPad every week
  • Full access to FORIX - the world's best motorsport statistics website

We greatly appreciate your continued support to keep AUTOSPORT at the forefront of motorsport coverage, and we look forward to welcoming you as a new subscriber.

Andrew Van de Burgt
Editor in Chief

autosport.com
Search:
Find out more about our subscriptions
  AUTOSPORT+ LOGIN AUTOSPORT Plus  
Username:
Password:
F1 NEWS 

Teams vow to find cost cutting solution

Stefano DomenicaliFormula 1 teams have vowed to keep working towards finding a cost-cutting solution acceptable to the FIA, despite the failure to reach an agreement in Friday's showdown talks with the governing body.

With time ticking down to the closure of entries to the 2010 world championship later this month, the teams failed to convince the FIA to back down on plans for a 40 million voluntary budget cap.

Members of the Formula One Teams' Association (FOTA) held a meeting after their talks with the FIA, but no firm plan was put in place and most team principals left without wanting to comment on the situation.

However, Ferrari team principal Stefano Domenicali was encouraged that all teams remained united in their efforts to find a way forward - with further talks now set for the Monaco Grand Prix weekend.

"I think that the meeting shows that on one side there is a very united group of teams that were discussing with the president of the FIA about the future, and above all this regulation. That is what I can say," he said.

Ferrari has joined Toyota, Red Bull and Renault in threatening not to enter the 2010 championship if the rules are not changed.

When asked if there was the possibility of finding a compromise deal: "I think that, as we said, it is a work in progress. We are working hard to find a solution and I think today with the teams we showed our unity, with a different perspective but it was important to reiterate our concept"

Domenicali also made it clear that the matter was more than simply agreeing on cost cuts.

"I think that is not only the case. We need to discuss about other things regarding the governance and the way the rule is done. It's not only this point on the table of the discussion."

Speaking about the looming May 29 deadline, Domenicali said: "You know what our position is. I think that the time is short, but we will try to work very hard."

Subs
  More news  
    advertisement
  RELATED LINKS
Read the AUTOSPORT Digital Edition
Visit the autosport.com shop
See highlights from 60 years of AUTOSPORT
  FOLLOW AUTOSPORT ON
FOLLOW AUTOSPORT ON TWITTER
Paddock insight from group F1 editor Jonathan Noble
Grand Prix news updates from F1 editor Edd Straw
Breaking news feed
Live commentary feed
  RELATED STORIES
Ferrari says it cannot be entered by FIA
Ferrari evaluating further legal action
Ferrari loses legal bid against FIA
Court to rule on Ferrari case tomorrow
Fight for F1 rules moves to courtroom
Mosley: Teams set to miss May deadline
Ecclestone: Two-tier will be scrapped
Q & A with Stefano Domenicali
Ferrari pushing to stay under own terms
Mosley dismisses fears of F1 crisis
No agreement between teams and FIA
Parr: Time running out for F1 solution
Briatore: Solution needed 'at all costs'
Ecclestone joins FIA/FOTA meeting
Howett: Teams want right governance
Ferrari vows to take passion elsewhere
Renault also reconsidering 2010 entry
Ferrari threatens to leave F1 in 2010
FIA trusts cap deal can be reached
Red Bull will not enter two-tier F1
Whitmarsh: F1 at a 'critical' point
Ecclestone: Formula 1 is Ferrari
Toyota warns it may not lodge entry
Theissen in warning over two-tier F1
FOTA calls for talks over budget cap
Ecclestone says he will protect Ferrari
Mosley: F1 could survive without Ferrari
Ferrari warns budget cap may hurt F1
Mallya cautious on FIA's new rules
Williams also against two-tier series
McLaren reluctant about two-tier series
New teams to get financial support
FIA's budget cap Q & A
FIA confirms 40m budget cap for 2010
Mosley hints at increased budget cap
New teams set for budget cap boost
FOTA budget cap response not ready
FIA consults teams on budget cap
FOTA supports budget caps, not tiers
Mosley: FOTA response was 'weak'
FIA: Cap to lead to clever engineering
FIA introduces £30m budget cap
Q & A with Max Mosley
FIA to reevaluate F1 budget caps
BMW boss in favour of budget caps
F1 aims for 110m Euro budget cap
Budget cap Q & A with Max Mosley
Fry backs 'logical' budget cap idea
Richards says budget cap not viable
Mosley: F1 budget cap is achievable
Budget cap set for 2009 introduction
BMW in favour of budget caps
Engine freeze shortened to five years
Mosley: engine freeze beneficial for all
Purnell: engine freeze good for F1
Engine development frozen for ten years
Engine makers seek team support for rules
Manufacturers submit engine proposals
Haymarket