The announcement of Honda’s intended withdrawal from Formula One has confirmed the FIA’s longstanding concern that the cost of competing in the World Championship is unsustainable. In the FIA’s view, the global economic downturn has only exacerbated an already critical situation.
As the guardians of the sport, the FIA is committed to working with the commercial rights holder and the remaining members of FOTA to ensure that Formula One becomes financially sustainable.
The FIA President has today sent the attached letter to all of the Formula One teams.
Letter from FIA President to F1 Teams - 05.12.2008
Letter from FIA President to F1 Teams - 18.11.2008