It was reported that FOTA was discussing the idea with FIA.
FIA boss Bernie Ecclestone had also reportedly shot down the proposal. When Michael Schumacher was to come out of retirement in 2009, Ferrari was keen to have him as a third racer but they could not do it due to regulations.
Montezemolo had argued that spectators want to see good racers and there was no point in having slow drivers and teams, which just brought up the rear.
There have been disputes between FOTA and FIA, the sport's governing body, and FOTA had also threatened to start a breakaway series but Whitmarsh said they are in right direction to solve all issues.
"At no time FOTA suggested breakaway series openly. The sport needs to be managed well and the teams need to cooperate. We have made progress but not good enough. Talking it openly will not be helpful," he said.
FIA and FOTA have fought over regulations, particularly the budget cap of 㿔 million.
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