[Dino Scuderia]

Soap opera du jour


Formula One's brief peace was shattered on Wednesday as the FOTA walked out of a meeting with the governing body in an F1 Technical Working Group in Germany.

According to the FIA, the meeting ahead of the German Grand Prix at the Nurburgring was to seek the agreement of all 13 2010 teams to scrap the proposed budget cap rules and replace them with a "legally binding agreement ... to reduce costs" to early 90s levels within two years.

"The eight FOTA teams were invited to attend the meeting to discuss their further proposals for 2010. Unfortunately no discussion was possible because FOTA walked out of the meeting," the Paris federation said in a statement.

FORMULA-ONE - F1: FOTA Walks Out Of FIA Meeting - SPEEDtv.com