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GP Week : Issue 22
> F1NEWS> Teams establish new association Old enemies join together for the collective good A meeting of the 10 Formula 1 teams last week at Maranello has resulted in the establishment of a new Formula One Teams Association (FOTA). The “extremely productive” talks took place with both Bernie Ecclestone and CVC supremo Donald Mckenzie in attendance. “The teams have subsequently agreed unanimously that they will establish the new Formula 1 Teams Association to work with the FIA and FOM to agree upon regulations and commercial conditions which will provide a framework for a strong and dynamic sport,”a Ferrari press release stated. The President of the new body will be Ferrari President Luca di Montezemolo, and it is rumoured that his appointment was made after nomination from age-old F1 rival team head Ron Dennis of McLaren. If true, this rumour shows just how far the teams have come together in a move to rectify the issues concerning the future direction of the sport. “The teams and more importantly the sport will be stronger and better with the teams acting in an organised way. That does mean that you don’t get your way by shouting, you get it by discussing with all the other teams and having things decided either by a unanimous vote or a majority vote,” Honda Racing F1 CEO Nick Fry told GPWeek. “I think it could be extremely successful and facilitate moving the sport in a constructive direction faster than we have in the past.”