AGL 32.85 Decreased By ▼ -0.25 (-0.76%)
AIRLINK 127.01 Decreased By ▼ -2.39 (-1.85%)
BOP 5.01 Decreased By ▼ -0.06 (-1.18%)
CNERGY 3.75 Decreased By ▼ -0.09 (-2.34%)
DCL 7.64 Decreased By ▼ -0.37 (-4.62%)
DFML 48.35 Increased By ▲ 0.31 (0.65%)
DGKC 73.00 Decreased By ▼ -1.29 (-1.74%)
FCCL 25.16 Decreased By ▼ -0.09 (-0.36%)
FFBL 48.10 Increased By ▲ 1.54 (3.31%)
FFL 8.50 Decreased By ▼ -0.21 (-2.41%)
HUBC 124.20 Increased By ▲ 1.00 (0.81%)
HUMNL 9.62 Decreased By ▼ -0.38 (-3.8%)
KEL 3.66 Decreased By ▼ -0.17 (-4.44%)
KOSM 8.45 Increased By ▲ 0.20 (2.42%)
MLCF 32.69 Increased By ▲ 0.19 (0.58%)
NBP 57.52 Decreased By ▼ -2.51 (-4.18%)
OGDC 144.00 Increased By ▲ 0.70 (0.49%)
PAEL 25.00 Decreased By ▼ -0.45 (-1.77%)
PIBTL 5.68 Decreased By ▼ -0.16 (-2.74%)
PPL 108.24 Increased By ▲ 0.44 (0.41%)
PRL 23.70 Decreased By ▼ -0.41 (-1.7%)
PTC 11.55 Decreased By ▼ -0.01 (-0.09%)
SEARL 57.50 Decreased By ▼ -0.70 (-1.2%)
TELE 7.10 Decreased By ▼ -0.15 (-2.07%)
TOMCL 39.60 Decreased By ▼ -1.26 (-3.08%)
TPLP 7.18 Decreased By ▼ -0.22 (-2.97%)
TREET 14.55 Decreased By ▼ -0.34 (-2.28%)
TRG 52.62 Decreased By ▼ -2.13 (-3.89%)
UNITY 25.50 Decreased By ▼ -0.70 (-2.67%)
WTL 1.20 Decreased By ▼ -0.03 (-2.44%)
BR100 8,541 Decreased By -20.4 (-0.24%)
BR30 25,684 Decreased By -151.8 (-0.59%)
KSE100 81,292 Decreased By -365.8 (-0.45%)
KSE30 25,810 Decreased By -64.8 (-0.25%)

Formula One's governing body may hold off on legal action against Ferrari and teams planning a breakaway series pending further talks, FIA president Max Mosley said on Sunday. "I think we would rather talk than litigate," the motor racing chief told reporters at the British Grand Prix when asked whether it was possible that a writ might not be issued on Monday.
Mosley had not planned on attending Sunday's race after a flying visit to Silverstone on Friday. However he returned to the paddock with Formula One's commercial supremo Bernie Ecclestone and Renault team boss Flavio Briatore, one of those pushing for the proposed rival series.
The International Automobile Federation (FIA) said on Friday that it would be "issuing legal proceedings without delay" against champions Ferrari and the Formula One Teams Association (FOTA). The eight FOTA teams announced on Thursday they would start preparations for their own championship after talks with the FIA over the 2010 rules broke down.
Mosley said a solution remained possible. "I think (an agreement) is very close, I think what divides us and the teams is minimal and really is something that we could sit down and iron out very quickly and we said to them we are ready to do this.

Copyright Reuters, 2009

Comments

Comments are closed.