Tilted
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Formula One Set to Split as Teams Plan New Series
Eight Formula One teams said on Thursday they would start preparations for a new series in 2010 after refusing to bow to the demands of the governing International Automobile Federation.
A statement said BMW-Sauber, Brawn, Ferrari, McLaren, Red Bull, Renault, Toro Rosso and Toyota were united in the decision.
"It has become clear ... that the teams cannot continue to compromise on the fundamental values of the sport and have declined to alter their original conditional entries to the 2010 world championship," the Formula One Teams Association (FOTA) said.