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Last Updated: Monday, 25 July 2005, 15:18 GMT 16:18 UK
Breakaway group demands F1 talks
The start of the 2005 Canadian Grand Prix
The breakaway group believes a compromise can be reached
The group threatening to set up a rival Grand Prix series has presented Formula One's governing body with its proposals for how it wants the sport to be run.

A preferred rules package was submitted to FIA president Max Mosley by the Grand Prix Manufacturers' Association.

That is the new name for the breakaway group led by car-makers Renault, BMW, Daimler-Chrysler, Honda and Toyota.

"The teams and manufacturers look forward to entering into a constructive dialogue shortly," a statement said.

The current Concorde Agreement governing Formula One expires at the end of 2007.

There is no reason to talk about a breakaway series unless our proposals are rejected
Toyota spokesman
So far only the Ferrari, Red Bull and Jordan teams have committed to the sport beyond that date.

But Red Bull and Jordan have also been involved in the discussion that led to the GPMA rules proposals.

The five manufacturers are determined to secure a more equitable distribution of F1's finances and more transparent governance, and they have threatened to launch a breakaway series if their demands are not met.

A Toyota spokesman said: "We are looking forward to the meeting with the FIA. There is no reason to talk about a breakaway series unless our proposals are rejected."

Monday's statement said a summary of sporting, legal and technical proposals for 2008 and beyond had been endorsed by nine of the 10 teams, with just Ferrari opting out.

"Considering the fact that their alliance represents 90% of the current grid, and views from key stakeholders such as circuits, broadcasters, sponsors and fans are included, the teams and manufacturers are confident that the FIA will consider their proposals carefully," it added.

The FIA recently published its own low-tech vision of the future, but the Grand Prix Manufacturers' Association indicated that it wanted cutting-edge technology to remain a key part of the sport.

"Formula One must consolidate its position at the pinnacle of motorsport, by presenting the most exciting, technologically advanced and global motorsport series," it said.

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09 Jul 05 |  Formula One
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