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Discussion Starter #1
Honda and Toyota back manufacturer group

Date 2005-01-27

By Nikki Reynolds

Honda and Toyota have met with BMW, Mercedes and Renault, the surviving members of the Grand Prix World Championship (GPWC) group, and the five have issued a statement in regard to proposals for the future. Despite Ferrari recently signing an extension of the Concorde Agreement, it seems that some other teams are not ready to fall in line.

"The manufactures BMW, Honda, Mercedes-Benz, Renault and Toyota met (on January 26th) together with their associated teams in order to discuss their views regarding the future for Grand Prix Motor Racing beyond 2007," the statement read.

"Following a far reaching, broad and open discussion, all participants have unanimously agreed upon a comprehensive set of governing principles which they believe represent an appropriate framework for the sport."

"The principal objectives are to establish a framework for Grand Prix Motor Racing which:

*retains Grand Prix Motor Racing´s position at the pinnacle of motorsport;

*provides the basis of a long term plan for the prosperity of Grand Prix Motor Racing and all its stakeholders, including teams, sponsors, and circuits;

*supports and encourages the participation of independent teams through technical assistance and engine supply;

*attracts, excites and provides good value to fans globally;

*is open, transparent and fair in commercial, technical and sporting governance.

Technical Format

*Rule stability to encourage innovation, cost control and economic certainty.

*To maintain Grand Prix Motor Racing as the most advanced motor racing formula.

*Sufficient opportunity and technical freedom for teams, engine manufacturers and suppliers to use the sport to showcase their technology through differentiation and innovation and to challenge their engineering skills.

*To eliminate high cost technologies which do not provide differentiation or have relevance to other industrial sectors.

*To provide a safe environment for drivers, spectators, team personnel and race officials.

*To reduce costs in a structured and well planned manner that does not surprise the teams or result in unforeseen consequential costs.

*To evaluate cost cutting proposals in the wider context of the sport's appeal to its fans and balancing them with the requirements of the technical challenge.

*To achieve fastest lap times on any grand prix motor racing circuits.

*To include technologies relevant to current and future mainstream road cars.

*Driver skills should remain a differentiating factor.

Sporting Framework

*To entertain, excite and attract spectators, viewers and sponsors.

*To attract the best available drivers, circuits and team personnel in the world.

*To maintain perception of sporting "purity" with no artificial handicapping.

*To ensure results are instantaneous and available immediately.

*To reward good teamwork.


Commercial and Sporting Governance

*To provide substantive fairness for all competitors and other stakeholders in respect of all aspects of the sport including sporting, technical and commercial matters.

*To ensure transparent governance and financial structure for the sport.

*To maintain a professional management team with clear succession plans.

*To have a fair and open system for rule determination that only allows changes to be made against objectively defined criteria.

*To have a readily accessible and swift appeals process administered by an internationally recognised independent body.

*To provide a significantly greater and more equitable share of the total revenue generated by the sport to the participating teams.

*To ensure that all revenue related to the sport including circuit signage, race title sponsorship and fees for hosting Grands Prix are included in the division of funds.

*To expand the overall revenue coming into the sport through optimum exploitation of the various commercial rights.

*To ensure that all stakeholders deal with each other and conduct themselves with mutual respect and do not act to the detriment of the interests of the sport.

*To ensure access to the sport on free to air TV on a worldwide basis in order to reach the broadest possible audience.

*To provide better television coverage for the viewers and improve and expand the media technologies through which the sport is made available.

*To significantly improve the quality of the live TV feed.

*To expand the sport into new markets through increased TV coverage and different Grand Prix venues.

So it seems that the GPWC is not as dead and buried as some would have us believe. "The manufactures agreed to engage all of the teams in dialogue regarding these governing principles and endeavour to ensure that detailed regulations can be prepared which meet the principal objectives identified," the statement concluded.
 

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I'm not sure how this is a good idea anymore...if the FIA still govern, how much more different would the new racing group be?
 

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Discussion Starter #4
GPWC gets Japanese backing

Here's a shorter article on the subject:


GPWC gets Japanese backing

The dwindling 'GPWC' group have won the backing of previously neutral Japanese F1 manufacturers Honda and Toyota. Following the demise of Ford in F1, and Ferrari's defection to the side of Bernie Ecclestone, the 'breakaway' gang numbered just three -- BMW, Mercedes-Benz and Renault.

And while Honda and Toyota have not officially signed up, in a Wednesday meeting, they - reportedly angered by Ferrari's unilateral move - pledged support for the GPWC's ambition a day before the FIA want to talk about a future regulation set.

A joint statement said all five F1 carmakers 'unanimously agreed' on a framework for the sport's future.

Among the GPWC's agreed principles is the desire for a new system for determining rules 'that only (allow) changes to be made against objectively defined criteria.'
 

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Discussion Starter #5
divinewisdom said:
GPWC will always be around becuase its a way of keeping eccelstone in check.
Werd. I think it's just a baragining chip to be used as leverage against bernie.:nod

Some things I can think of that mfgs. might want more of a say in:
1. How TV revenue is distributed.
2. Cost cutting measures.
3. Rule changes of all types.

I can think of a lot of things the mfgs. might want consessions on.
 

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The previously meager possibility of an IRL/CART-like split in Formula 1 may have got a significant boost Wednesday, as auto giants Toyota and Honda, perhaps in retaliation to Ferrari’s “backstabbing” decision of siding with the FIA and Bernie Ecclestone, have announced their support for the GPWC’s vision for Grand Prix racing from 2008 onwards.

Last week, Ferrari committed to an extension of the Concorde Agreement with Bernie’s Formula One Management (FOM), bounding itself to F1 until 2012. The move was seen by many as a betrayal to the GPWC, a consortium formed by Mercedes-Benz, Renault, BMW and Ferrari to push for a bigger share of the sport’s revenue going to its teams. The GPWC has always threatened to create its own series when the current Concorde Agreement expires (2007) if Ecclestone didn’t reformulate the income distribution.

It was thought that the move by Ferrari, by far F1’s most traditional team, would force the GPWC to come to terms with FOM. However, the statement released by what accounts to be all remaining F1 manufacturers isolates Ferrari and Bernie, and increases the possibility of the creation of a second GP series in the near future.

The document, signed by the remaining GPWC manufacturers plus Honda and Toyota, announced a unanimous agreement among its partners regarding the shape of the sport’s future from 2008 on. The statement referred to the new series as “Grand Prix Motor Racing” (Ecclestone owns all the rights to the “Formula 1” moniker), and outlined a set of governing and commercial principles, technical aspects and sporting regulations.

Although it does appear as a breakaway declaration from the Japanese and GPWC manufacturers regarding the FOM, the statement’s most prominent objective as of now is to “talk tough” to Ecclestone and the FIA, pressuring both to agree to a larger, fairer portion of F1's revenue - i.e., to force Bernie to offer the remaining manufacturers whatever he promised to Ferrari that convinced the Scuderia to stay.

As has been de rigueur in all recent team manifestos regarding the future of F1, Grand Prix Motor Racing’s five “framework principles” are as pertinent as they are vague:

speedtv
 
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