It ain't over till it's over.

Friday saw the world of F1 on the verge of losing the majority of its established names with the eight members of the Formula One Teams Association promising to continue their fight against the new regulations imposed by FIA President Max Mosley, set to come into effect next year.



With the possibility of a FOTA-launched breakaway series increasing as a likely scenario, a series which would feature car manufacturers and well-known drivers while F1 presents a majority of new and mostly unknown entrants, the European Automobile Manufacturer's Association (ACEA) has decided to throw its full weight behind the 'rebel' teams.
"Today, the members of the Board of the European Automobile Manufacturers' Association discussed the current situation prevailing in Formula One, and have concluded that the current governance system cannot continue," the ACEA press release begins."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," the statement reads.