Teams to meet Ecclestone and FIA this month
6 October 2012 – Heads of the 12 Formula 1 teams will gather in Paris to discuss the future of Formula 1 later this month, Autosport reports on Saturday. Leading representatives will sit down with F1 governing body the FIA and FOM (Formula One Management) head Bernie Ecclestone in order to discuss – amongst other things – the financial situation.
With the current Resource Restriction Agreement (RRA) continuing to receive criticism for its flaws, there is much talk of the FIA imposing an official system, but World Champions Red Bull have already said that they are against the idea. Another element set to be discussed is the latest version of the Concorde Agreement – which binds all teams to the FIA and FOM – and will run until 2020.
A further talking point is the matter of customer cars, with teams such as HRT having openly welcomed the idea of buying components in from other constructors. According to 2013 regulations that have been published, the ‘listed parts’ section has described what each constructor is able to produce and is effectively allowing customers cars to return to the sport without the usual consent of all teams.
The end of October meeting, which had already been scheduled to take place in June, will also feature entry fees for the 2013 World Championship; significantly rising costs have meant that most teams are currently reluctant to confirm their entries.