Friday, June 26

Formula One has averted the crisis - for now

The revolt has been put down, compromises has been made and the show goes on. The eight teams have agreed to participate in the 2010 Formula One World Championship until 2012 and eventually cut costs to the levels of the early 1990’s. In return, the FIA has agreed to impose no further regulations. The 2009 regulations as well as further regulations agreed prior to 29 April 2009 will be in force for 2010 and onwards.

The big cheer is that FIA President Max Mosley will not to stand for re-election in October this year.

Gentlemen, start your engines.

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