Cost-cutting talks set for after China
FIA president Max Mosley will meet with the newly-formed Formula One Teams' Association immediately in the days after the Chinese Grand Prix to discuss the urgent cost-cutting measures that the sport requires
Yesterday evening Mosley told the BBC that F1 faced "serious difficulties" as early as 2010 if the teams could not reduce their expenditure.
He met with Ferrari president and FOTA chairman Luca di Montezemolo in Nice today to make arrangements for continuing the dicussion with FOTA.
"After a constructive meeting they agreed that the FIA President would invite the full membership of FOTA to a meeting immediately following the Grand Prix of China," said an FIA statement.
"At this meeting the FIA will discuss and share with the teams the strategic decisions which are now urgently required, having regard to current world-wide economic problems."
The statement added that the meeting would cover "very significant and urgent reductions in costs, future technical regulations for chassis and drive train, maintaining the competitive element - future performance differentiators."
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