The Formula One Teams Association (FOTA) has received endorsement from the European Automobile Manufacturer’s Association (ACEA) which hit out at the way the FIA governs Formula One yesterday following the publication of the controversial 2010 entry list.
The ACEA, which represents 15 European car manufacturers at EU level, including BMW, Daimler, FIAT, Renault and Toyota, held a meeting in Brussles yesterday to discuss the future of Formula One.
The ACEA said in a statement: “Today, the members of the Board of the European Automobile Manufacturer’s Association discussed the current situation prevailing in Formula 1, and have concluded that the current governance system cannot continue.
“ACEA has come to the conclusion that the FIA needs a modernised and transparent governance system and processes, including the revision of its constitution, to ensure the voice of its members, worldwide motorsport competitors and motorists are properly reflected.”
“The ACEA members support the activities and objectives of the Formula One Teams’ Association to establish stable governance, clear and transparent rules which are common to all competitors to achieve cost reductions including a proper attribution of revenues to the F1 teams, in order to deliver a sustainable attractive sport for the worldwide public.
“Unless these objectives are met, the BMW, Ferrari, Mercedes, Renault and Toyota along with the other teams are determined to find an alternative way to practice this sport in a manner which provides clarity, certainty of rules and administration, and a fair allocation of revenues to the competing teams. “
