Max hails 'new peace'

The meeting, which lasted over two hours and was held at the Hilton Hotel at London's Heathrow Airport, was called to discuss rule changes and safeguard the future of F1, but only Ferrari's team principal Jean Todt and technical director Ross Brawn joined Mosley and FIA technical delegate Charlie Whiting at the table.

"It's the beginning of peace," said Mosley. "I think eventually the teams, or the more rational ones, will realise that all we are doing is a genuine effort to try and make F1 work in 2008 and that as their presence will be welcome, they should come and give us their input. I think that will start to happen.

"The FIA make the rules for 2008. That is very clear and the sooner we make them the better it is for everybody, because the less money it costs the teams to effect any change. But in any event we are bound to announce the 2008 regulations before the end of 2005, so all we need do and all we are doing is consult the teams. We don't need to get their agreement, the meeting today was to consult them. If they don't want to be consulted that's fine but we can do no more than offer."

The other nine teams requested on Tuesday that the meeting be postponed, and are believed to be unhappy with Ferrari's decision to split away from the GPWC and sign up to a new Concorde Agreement with Bernie Ecclestone's Formula One Management (the sport's rights holders), and the FIA.

The teams are also unhappy with Ferrari's resistance to their initiative to restrict testing but Mosley believes that the teams will come around in time.

"I think there is an element of sulking at the moment," he said. "There is going to be another meeting on April 15 in Paris, and again they will be invited. We will circulate the minutes of this meeting and put them on the website.

"That I think is a very genuine process of consultation and if the teams want to turn up to the odd meeting they can, if they don't want to they needn't. In the end we will have on the table a Concorde Agreement from 2008-2012, that will be a slightly modified version of the current one.

"If I were one of the teams, what I would be saying is: right, maybe I want to be in the Formula 1 World Championship, maybe I want to run in some other series like the GPWC. But I will go and try and influence the world championship rules, in my interests, or make sure that I'm looked after, because I don't have to enter anyway.

"I think we're being super generous. Bernie said to me that the people that commit to the championship should be the ones making the rules. But I said let's be completely open, any F1 team can play a part in this thing and when the rules are finalised they can decide if they want to enter or not and that seems to me to be completely fair."