Faure: Breakaway Series Still Possible

That is the view of Renault's F1 boss Patrick Faure ahead of the meeting in Munich, where the car markers are set to plan their next course of action.

Although Renault, McLaren, BAR, Williams, Sauber and Toyota remain involved in the discussions for the breakaway, there have been suggestions that Williams and Toyota could be on the verge of switching allegiance and instead committing to F1.

Ferrari, Red Bull Racing and Jordan have already signed up to a new Concorde Agreement with F1 supremo Bernie Ecclestone and the FIA.

Speaking about the possibility of the accord over the breakaway collapsing, Faure was adamant that all the teams involved in the talks were not wavering in their plans.

"I think we will reasonably hold firm because our target has been the same since the beginning," he said. "That is to say that we must give more money to the teams who are really organising the show - and on this we will not compromise. We want more money, not for us, the manufacturers, but for all the teams."

Despite progress having been made with the FIA in recent weeks regarding the technical rules for the sport beyond 2008, Faure claims that much ground still needs to be covered in terms of the commercial package on offer to the teams.

"There are two things," he added. "You have the technical regulations, where we have a discussion with Max and the FIA, and we also have what is for us more important, and that is the commercial negotiations with the banks, who are the owners of Formula One, and Bernie Ecclestone, who has 25 percent.

"And this one for the moment is not arriving to a success, so we will keep on discussing and there is nothing decided yet. If needed we will launch our Championship and we have a meeting with the other manufacturers to discuss this."