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Further to
discussions regarding the long term development of the FIA
Formula One World Championship, the FIA, Formula One
Management and Ferrari have agreed to enter into a new
version of the Concorde Agreement for the period 2008 to
2012 inclusive.
Luca di
Montezemolo, Ferrari President and CEO said, of
stability for the future of Formula 1. This agreement is in
line with what Ferrari had hoped for, for a long time.'
'It is important
and also pleasing that the FIA, which is the governing body
and the FOM, which represents those who have organised
Formula 1 these past years and Ferrari, which is the only
team to have taken part in the World Championship, without a
break, since its inception (in 1950) have together put out a
strong message
Max Mosley, FIA
President commented, We are very pleased to have reached
this agreement with Formula One’s commercial rights holder
and the oldest team in the Championship. The agreement is
significant because it will ensure the future development of
the FIA’s most important Championship.'
Bernie
Ecclestone, Formula One Management President said, 'Formula
One Management are delighted that this agreement is in place
and that the future of Formula One has now been stabilised.'
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Luca di Montezemolo, Ferrari President and CEO said,
of stability for the future of Formula 1. This
agreement is in line with what Ferrari had hoped
for, for a long time.' |
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Catching everyone completely by surprise, Ferrari
have agreed to enter into a new version of the
Concorde Agreement from 2008, with the FIA and F1
Management. |
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Meanwhile, today saw the second day of testing this week for
Scuderia Ferrari, working once again at the Catalunya
Circuit, near Barcelona.
Michael
Schumacher continued with the development work he began
yesterday on new components, electronic solutions and
Bridgestone tyres. The world champion completed a total of
126 laps, the quickest of them being in a time of 1:17.027.
Ferrari will
continue testing at the circuit tomorrow, when Rubens
Barrichello will also take to the track.
Catalunya F1
Testing Times (Wednesday): 1st Mark Webber Williams-BMW
1:16.627 (34 laps), 2nd Nick Heidfeld Williams-BMW 1:16.987
(34 laps), 3rd Michael Schumacher Ferrari 1:17.027 (126
laps), 4th Jarno Trulli Toyota 1:17.664 (82 laps), 5th
Vitantonio Liuzzi Red Bull 1:18.035 (39 laps), 5th David
Coulthard Red Bull 1:18.210 (57 laps), 7th Christian Klien
Red Bull 1:18.320 (33 laps), 8th Ralf Schumacher Toyota
1:20.338 (22 laps)
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