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Last Updated: Monday, 27 March 2006, 12:13 GMT 13:13 UK
F1 rebels sign up for 2008 series
Giancarlo Fisichella's Renault leads the Honda of Jenson Button into the first corner at the Malaysian Grand Prix
F1 appears set to avoid a damaging split in 2008
The threat of a catastrophic split in Formula One appears much less likely following the decision of five rebel teams to enter the 2008 championship.

The move comes five days after F1's governing body, the FIA, set a deadline of 31 March for teams to enter for '08.

Renault, BMW, Mercedes, Toyota and Honda had all threatened to launch a breakaway series because they are unhappy with the way F1 is being run.

The five rebels said they "remained committed to improving the sport".

They have been pushing for more say in the running of the sport, a greater share of its revenues, and more transparency in its governance.

There are several open issues still to be discussed and it is too early to speak of a final agreement
Spokesman for 'rebel' F1 teams
The GPMA statement said: "The teams look forward to beginning discussions with the FIA in order to finalise the regulations for 2008.

"The GPMA members are united and remain committed to improve the sport for the benefit of all stakeholders."

It added that "significant progress" had been made in "ongoing" discussions with F1 commercial rights holder Bernie Ecclestone.

A GPMA spokesman said the announcement did not entirely remove the threat of the teams going it alone.

"There are several open issues still to be discussed and it is too early to speak of a final agreement," he said.

F1 bosses Bernie Ecclestone and Max Mosley
Ecclestone (left) and Mosley are in talks with the GPMA
But the move does dramatically reduce the threat.

The GPMA is likely to have decided that it is better to sign up and try to effect the changes it wants from the inside than be isolated from discussions on the future of F1.

They will have been encouraged in this view by FIA president Max Mosley's statement in a letter to the teams last week that "although the 2008 sporting regulations are now fixed, any element could be changed on proposal of a simple majority of the entered teams".

The manufacturers are opposed to many of Mosley's plans to reduce the influence of technology in the sport.

The FIA announced on Monday that it had agreed with Ferrari, Renault and Cosworth a proposal that engine specifications should be frozen from 2008-12 - two more years than was voted into the 2008 rules last week.

An FIA statement said the plan was intended to "encourage research into engine efficiency and the more effective use of available energy".

It added that modifications to specific areas of engines would be permitted each year, but that these would not be allowed to improve performance.


SEE ALSO
Formula One takeover backed by EU
21 Mar 06 |  Business
F1 rebels advance breakaway plans
28 Sep 05 |  Formula One
Stoddart predicts F1 will split
08 Oct 05 |  Formula One
Michelin opts to quit Formula One
14 Dec 05 |  Formula One
Honda attack Mosley's F1 plans
25 Jan 06 |  Formula One
Mosley defends manufacturer plan
06 Feb 06 |  Formula One
F1 considers promotion/relegation
14 Feb 06 |  Formula One


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