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Ferrari, Red Bull pull out of FOTA
Source: Agencies |
December 4, 2011, Sunday
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FERRARI and Red Bull are pulling out of the Formula One Teams Association, saying it is no longer effective in dealing with key issues such as reducing costs in the sport.
Ferrari said that it informed FOTA president Martin Whitmarsh about its decision, which it said was made "reluctantly" and was caused by a "stalemate" among the teams on how to move ahead on several issues. Red Bull then issued its own statement saying it was pulling out as well. Ferrari said it will continue to work with other teams to find ways of reducing costs, an issue that has been increasingly contentious in recent years and let to some teams threatening a breakaway series in 2009.
Ferrari said that it informed FOTA president Martin Whitmarsh about its decision, which it said was made "reluctantly" and was caused by a "stalemate" among the teams on how to move ahead on several issues. Red Bull then issued its own statement saying it was pulling out as well. Ferrari said it will continue to work with other teams to find ways of reducing costs, an issue that has been increasingly contentious in recent years and let to some teams threatening a breakaway series in 2009.
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