http://www.theage.com.au/news/sport/motors...4918172451.html
Formula One's biggest teams began preparations for a breakaway series early on Friday after failing to resolve their dispute with the motor sports' governing body over financial constraints.
The Formula One Teams' Association announced it would not compromise on the quality of the series by signing up unconditionally for the 2010 F1 season under the FIA's radical new plans for cost-cutting.
FIA president Max Mosley is insistent on introducing a voluntary $US60 million ($A75.06 million) budget cap for teams to curtail a "financial arms race" in F1.
But with FOTA refusing to agree to the FIA's conditions, championship leader Brawn GP, Ferrari, McLaren, Renault, Toyota, BMW Sauber, Red Bull Racing and Toro Rosso are set to be lost from F1.
"The teams cannot continue to compromise on the fundamental values of the sport and have declined to alter their original conditional entries to the 2010 world championship," FOTA said after a meeting near Silverstone ahead of Sunday's British Grand Prix [...]