Jean Todt has admitted he is worried formula one teams could collapse if costs are not reduced.<\/p>\n
After the FIA’s meeting of its World Motor Sport Council last Friday, a media statement revealed that the governing body is “having active discussions with teams regarding cost control”.<\/p>\n
The FIA added that the Council will have to vote on any amendments to the chassis rules for 2013 prior to the end of this month.<\/p>\n
“The intention is to help all teams participate in the championship in a fair and equal manner,” the statement added.<\/p>\n
FIA president Todt is quoted by the German language Speed Week: “For me, formula one is too expensive.<\/p>\n
“If we do nothing, we could get into a situation where we have less than twelve teams on the grid.”<\/p>\n
Last week, Ferrari president Luca di Montezemolo insisted F1 cannot ignore the impact of Europe’s worsening economic crisis.<\/p>\n
“Ferrari is in agreement with the FIA’s position that drastic intervention is required,” he said.<\/p>\n
“This is no longer the moment for getting bogged down in sterile discussions or the meanderings of engineers, usually only concerned in defending the interests of someone or other.<\/p>\n
“The question (of costs) has to be tackled at the highest level without further delay,” added Montezemolo.<\/p>\n
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