Ferrari president misses F1 meeting

Ferrari president Luca di Montezemolo, who has threatened to pull his team out of Formula One unless the 2010 rules are changed, will miss today's crisis talks with Max Mosley after the death of his father.

The champions were represented instead by team boss Stefano Domenicali.



Today's meeting with the International Automobile Federation (FIA) president, who has taken a low profile since the death of his son last week, will seek to end a standoff that threatens to tear the sport apart.



"I think this is a very important day, I think everybody feels we need to find a solution that makes sense for independent teams, manufacturers and the FIA," Williams chief executive Adam Parr told reporters as he arrived at the Heathrow airport hotel.



"Unfortunately we had an opportunity 12 months ago to do it in a more flexible and gentle way, and I fear time is running out."



The FIA want an optional £40m cost cap, offering greater technical freedom than available to those teams staying on unrestricted budgets, that they say is needed for the sport's survival in the face of the global financial crisis.



Ferrari, and former champions Renault, say that will lead to a two-tier championship that they cannot accept and have both threatened to leave.



Toyota and Red Bull's two teams have also said they cannot submit their entries by the May 29 deadline for the same reasons.



Formula One needs Ferrari but the Italian glamour team also need the sport, something that commercial supremo Bernie Ecclestone has been at pains to point out, and some sort of compromise may be inevitable.



"I must be clear that we, Ferrari and the others have no intention of breaking with FIA," Renault team boss Flavio Briatore said on Thursday. "We want to be there, to participate, to preserve the future."



With all eyes on the sport for the showcase Monaco Grand Prix next week, a key race for business and sponsorship deals, the teams will want to remove the doubts about the championship's future as soon as possible.



In contrast to the threats to quit, several would-be newcomers have expressed an interest in joining the championship if the cap stays in place.



Chassis maker Lola said they were forging ahead with their project in the expectation of the budget cap remaining.



"The Lola Group believes that the... decisions relating to cost-capping and the provision of revised technical regulations to facilitate the entry of new teams into Formula One should be embraced," it said.



"This is not only prudent considering the backdrop of global economics but also taking into account the need for new teams to be able to compete credibly against long established entrants.



"It is imperative that performance breaks be afforded to new cost-capped entrants who will have a limited period in which to form teams, design and manufacture their cars."



Have you tried new the Independent Digital Edition apps?
Caption competition
Caption competition
  • Get to the point
Latest stories from i100
Daily Quiz
Have you tried new the Independent Digital Edition apps?
Independent Dating
and  

By clicking 'Search' you
are agreeing to our
Terms of Use.

Career Services

Day In a Page

Not even the 'putrid throat' could stop the Ross Poldark swoon-fest'

Not even the 'putrid throat' could stop the Ross Poldark swoon-fest'

How a costume drama became a Sunday night staple
Miliband promises no stamp duty for first-time buyers as he pushes Tories on housing

Miliband promises no stamp duty for first-time buyers

Labour leader pushes Tories on housing
Aviation history is littered with grand failures - from the the Bristol Brabazon to Concorde - but what went wrong with the SuperJumbo?

Aviation history is littered with grand failures

But what went wrong with the SuperJumbo?
Fear of Putin, Islamists and immigration is giving rise to a new generation of Soviet-style 'iron curtains' right across Europe

Fortress Europe?

Fear of Putin, Islamists and immigration is giving rise to a new generation of 'iron curtains'
Never mind what you're wearing, it's what you're reclining on

Never mind what you're wearing

It's what you're reclining on that matters
General Election 2015: Chuka Umunna on the benefits of immigration, humility – and his leader Ed Miliband

Chuka Umunna: A virus of racism runs through Ukip

The shadow business secretary on the benefits of immigration, humility – and his leader Ed Miliband
Yemen crisis: This exotic war will soon become Europe's problem

Yemen's exotic war will soon affect Europe

Terrorism and boatloads of desperate migrants will be the outcome of the Saudi air campaign, says Patrick Cockburn
Marginal Streets project aims to document voters in the run-up to the General Election

Marginal Streets project documents voters

Independent photographers Joseph Fox and Orlando Gili are uploading two portraits of constituents to their website for each day of the campaign
Game of Thrones: Visit the real-life kingdom of Westeros to see where violent history ends and telly tourism begins

The real-life kingdom of Westeros

Is there something a little uncomfortable about Game of Thrones shooting in Northern Ireland?
How to survive a social-media mauling, by the tough women of Twitter

How to survive a Twitter mauling

Mary Beard, Caroline Criado-Perez, Louise Mensch, Bunny La Roche and Courtney Barrasford reveal how to trounce the trolls
Gallipoli centenary: At dawn, the young remember the young who perished in one of the First World War's bloodiest battles

At dawn, the young remember the young

A century ago, soldiers of the Empire – many no more than boys – spilt on to Gallipoli’s beaches. On this 100th Anzac Day, there are personal, poetic tributes to their sacrifice
Dissent is slowly building against the billions spent on presidential campaigns – even among politicians themselves

Follow the money as never before

Dissent is slowly building against the billions spent on presidential campaigns – even among politicians themselves, reports Rupert Cornwell
Samuel West interview: The actor and director on austerity, unionisation, and not mentioning his famous parents

Samuel West interview

The actor and director on austerity, unionisation, and not mentioning his famous parents
General Election 2015: Imagine if the leading political parties were fashion labels

Imagine if the leading political parties were fashion labels

Fashion editor, Alexander Fury, on what the leaders' appearances tell us about them
Phumzile Mlambo-Ngcuka: Home can be the unsafest place for women

Phumzile Mlambo-Ngcuka: Home can be the unsafest place for women

The architect of the HeForShe movement and head of UN Women on the world's failure to combat domestic violence