Formula 1 supremo Bernie Ecclestone has vowed to act to avoid the sport from 'disintegrating' over the row between the teams and the FIA.
With members of the Formula One Teams' Association denying a compromise deal is close, it looks likely that the row will continue for some time.
Meanwhile, FOTA has insisted it is pushing ahead with its plans to create a breakaway championship next year.
Ecclestone, however, has made it clear that he is not ready to let Formula 1 destroy itself.
"I have given 35 years of my life and more to Formula 1," Ecclestone told The Times newspaper.
"My marriage broke up because of Formula 1, so I am sure as hell not going to let things disintegrate over what is, in the end, basically nothing.
"If you analyse the problems, there aren't any that can't be easily solved."
AUTOSPORT understands that FOTA plans to hold a meeting next Thursday to begin work on the new championship.
The meeting will come one day after the FIA's World Motor Sport Council meets.
Autosport has produced a standalone special magazine to celebrate our 70th birthday. All current print subscribers will receive a copy for free. To order your copy of the 196-page Autosport 70th Anniversary issue, please go to: autosport.com/autosport70th