Carmakers close to agreement, says Mosley

The five manufacturers - BMW, DaimlerChrysler's Mercedes, Renault, Honda and Toyota - this month signed a binding agreement emphasising their determination to race in a championship that would satisfy their demands.

Talks are ongoing between the carmakers and Formula One's commercial right holders, with a meeting taking place last Sunday in Paris, where Mosley, teams representatives and members of the banks who own the commercial rights of the sport discussed the future.

Mosley believes talks of two different series is damaging for Formula One, but the FIA boss believes all parties are willing to reach an agreement.

"I think there have been a lot of positive meetings and a lot of positive feeling in China and that is why I stopped the press conference," said Mosley of the scheduled press conference that he cancelled at the Chinese Grand Prix weekend.

"Because someone would have said, what do you think about GPMA, and I would have said what I believe, and it is not conducive to friendly negotiations.

"But I had a meeting with the GPMA representatives before this meeting, we had not reached agreement but got a lot closer to see a way forwards so it looks like it will all come together in due course.

"I think there is a real willingness on everyone's part now to start agreeing what is happening and give certainty. It is very negative with sponsors and contracts to do with F1 and I think everyone is bored with it, including the teams.

"It is time to stop pissing about."