FIA President Max Mosley and Luca di Montezemolo, Chairman of the Formula One Teams' Association (FOTA), met today in Nice to discuss the current situation in Formula One.

After a constructive meeting they agreed that the FIA President would invite the full membership of FOTA to a meeting immediately following the Grand Prix of China. At this meeting the FIA will discuss and share with the teams the strategic decisions which are now urgently required, having regard to current world-wide economic problems.

The main topics for the meeting will be:

Very significant and urgent reductions in costs

Future technical regulations for chassis and drive train

Maintaining the competitive element

Future performance differentiators

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Mosley meets with di Montezemolo

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