Ferrari Chief To Chair New F1 Body
The newly formed Formula One Teams Association has appointed Ferrari president Luca di Montezemolo as its inaugural chairman.
The 10 F1 teams set up the association to work with governing body the International Automobile Federation (FIA) to help improve the sport.
Among the initial issues that the new body will address include the desire of FIA president Max Mosley for F1 to come up with new rules to reduce costs and halve fuel consumption by 2015 in a bid to become ‘greener’.
Financial structure is another major concern with even the smallest F1 team’s annual costs coming in at well over £57m.
Ferrari said the board’s inaugural meeting had agreed five primary objectives and had established three commissions.
The Sporting Working Group will be led by McLaren chief executive Martin Whitmarsh, the Technical Working Group by Honda team principal Ross Brawn and the Commercial Working Group by Renault F1 team boss Flavio Briatore.
