F1 tumbling down: N.Technology withdraws
N.Technology, a new team that was interested in joining Formula One, has withdraws its entry bid. The team was not on the provisional entry list released by the FIA last week and is now no longer interested.
In fact Autosport has learned that its withdrawal is due to the announcement that the big manufacturers plan to pull out of F1 and start their own breakaway series.
N.Technology is understood not to be interested in a sport that has none of the big manufacturers in it, anticipating that in the light of a series split, Formula One may lose a lot of its standing and appeal.
