GPMA responds

Today Williams F1 announced that it has signed the extended Concorde Agreement and it will stay in F1 beyond 2008. Following the announcement from WilliamsF1, GPMA (Grand Prix Manufacturers Association) issued the following statement

"The Grand Prix Manufacturers Association (GPMA) acknowledges Williams´ decision to sign a new commercial agreement with FOM. At their most recent board meeting, on 29 November 2005, the five manufacturers BMW, Honda, Mercedes-Benz, Renault and Toyota reaffirmed their binding agreement to race together only in a series which satisfies the fundamental principles of a clear and equitable World Championship. While the GPMA members and their affiliated teams appreciate that progress has been made in recent negotiations, they remain committed to their objective to further develop the sport for the benefit of all stakeholders and in particular the fans."