Max Mosley will not stand for re-election as FIA president in October
24 June 2009

Max Mosley will not stand for re-election as FIA president in October as part of a deal with the FOTA F1 rebels to remain in the sport next year.

Mosley has been defiant in wanting to introduce a £40million budget cap to the world's richest sport next season. Although the F1 teams agreed that cuts should be made, the cap was not well received and it prompted eight of the ten teams in the sport to agree to form a breakaway series in 2010.

But following an FIA meeting in Paris today, Mosley said "now there is peace" in F1, and the planned breakaway series will not be going ahead.

"There will be no split," said Mosley. "We have agreed to a reduction of costs. There will be one F1 championship but the objective is to get back to the spending levels of the early 1990s within two years."

Twitter - follow

Add your comment

Log in or register to post comments

Find an Autocar car review

Driven this week

  • Volvo V90
    First Drive
    19 October 2017
    The Volvo V90 is a big estate ploughing its own furrow. We’re about to see if it is refreshing or misguided
  • Kia Stonic
    First Drive
    18 October 2017
    Handsome entrant into the bulging small crossover market has a strong engine and agile handling, but isn’t as comfortable or complete as rivals
  • Hyundai Kona
    First Drive
    18 October 2017
    Hyundai's funky-looking Kona crossover with a peppy three-cylinder engine makes all the right noises for the car to be a success in a crowded segment
  • Citroën C3 Aircross
    First Drive
    17 October 2017
    The Citroen C3 Aircross has got funky looks and a charming interior, but it's another small SUV, and another dynamic miss. Numb steering is just one thing keeping it from class best
  • Skoda-Karoq 2.0 TDI 4x4
    First Drive
    16 October 2017
    Diesel version of Skoda’s junior SUV is unobtrusive and undemanding, but we’d still go for the silkier petrol version of the Karoq