London, Dec.3 (ANI): The resignation of Ferrari and Red Bull Racing in a dispute over cost cutting has rocked the Formula One Teams Association (FOTA).
According to The Mirror, both teams confirmed their intention to quit last night, with Ferrari blasting FOTA's drive for cuts in the sport.
Ferrari and Red Bull have been critical of FOTA's failure to bring the teams together in agreement on the sport's Resource Restriction Agreement (RRA), which aims to cap spiralling costs.
Both teams insist that they remain committed to helping F1 reduce costs.
A FOTA spokeswoman said: "We are trying to arrange a meeting to sit the teams around the table and see where this takes us." (ANI)
|
|
Comments:
