GPMA unfazed by Williams decision

The Grand Prix Manufacturers Association (GPMA) had been courting Williams as one of their potential competitors for the new series, but the British team's decision to sign up to a new Concorde Agreement means only five outfits are now left as possible entrants.

However, in a statement issued by the GPMA on Wednesday, the manufacturers re-affirmed their commitment to the new series and their aim of improving the sport for both the competitors and the fans.

"The Grand Prix Manufacturers Association (GPMA) acknowledges Williams' decision to sign a new commercial agreement with FOM," said the statement.

"At their most recent board meeting, on 29 November 2005, the five manufacturers BMW, Honda, Mercedes-Benz, Renault and Toyota reaffirmed their binding agreement to race together only in a series which satisfies the fundamental principles of a clear and equitable World Championship.

"While the GPMA members and their affiliated teams appreciate that progress has been made in recent negotiations, they remain committed to their objective to further develop the sport for the benefit of all stakeholders and in particular the fans."