ACEA supports FOTA
An important support for FOTA’s position came today from the ACEA, the European Automobile Manufacturers’ Association in the Belgian capital city of Brussels, which represents the European car manufacturers.
Already the title of the press release, published at the end of the meeting - "ACEA members support changes in governance of Formula One” – is very significant. Hereafter the original text of the press release:
“Today, the members of the Board of the European Automobile Manufacturer’s Association discussed the current situation prevailing in Formula One, and have concluded that the current governance system cannot continue. ACEA has come to the conclusion that the FIA needs a modernised and transparent governance system and processes, including the revision of its constitution, to ensure the voice of its members, worldwide motorsport competitors and motorists are properly reflected.”
The members of the Board of the European Automobile Manufacturer's Association discussed the current situation prevailing in Formula One, and have concluded that the current governance system cannot continue.
ACEA has come to the conclusion that the FIA needs a modernised and transparent governance system and processes, including the revision of its constitution, to ensure the voice of its members, worldwide motorsport competitors and motorists are properly reflected.
The ACEA members support the activities and objectives of the Formula One Teams Association to establish stable governance, clear and transparent rules which are common to all competitors to achieve cost reductions including a proper attribution of revenues to the F1 teams, in order to deliver a sustainable attractive sport for the worldwide public.
Unless these objectives are met, the BMW, Ferrari, Mercedes, Renault and Toyota along with the other teams are determined to find an alternative way to practice this sport in a manner which provides clarity, certainty of rules and administration, and a fair allocation of revenues to the competing teams.
