Formula One's governing body warned on Thursday that the sport is "becoming unsustainable" and invited teams to come up with new rules to slash costs and halve fuel consumption by 2015. Mosley said the matter is urgent, with the teams' proposals needing to be ready within three months and the FIA prepared to step in and prepare new rules for 2011 if a majority of the teams did not show agreement.
McLaren's title prospects were plunged back into doubt on Tuesday when Formula One's governing body agreed an appeal court should have the final say on the 'spy saga' gripping the sport.
Motor racing chief Max Mosley, fighting to keep his job after a sex scandal, defended his behaviour, saying he is "the victim of a disgusting conspiracy". In a letter addressed to Peter Meyer, head of Germany's ADAC Automobile Club, the International Automobile Federation (FIA) president said his actions had been "harmless and completely legal".
Lewis Hamilton will have to pay $335,700 for his licence to race in Formula One in 2008.
The drivers want to put safety measures at test sessions on a par with grands prix.
Toyota will not be punished for an administrative error that led to the team competing without all the correct paperwork.
FIA president Max Mosley said congratulated tyre and engine suppliers for their efforts in slowing cars and cutting costs significantly.
Formula One safety talks between drivers and Max Mosley will go ahead as planned on August 1 despite a lower than expected turnout.
The FIA is concerned that cars are taking corners far faster than in the past, with clear safety implications.
Renault, Honda, Toyota, McLaren-Mercedes and BMW-Sauber will not be guaranteed one of the 12 team slots if they failed to sign up in time.
"Mexico's planned return to the Formula One calendar next year is looking doubtful," said FIA president Max Mosley.
Formula One teams could face a soccer-style promotion and relegation system, according to plans being considered by Max Mosley.
"If we do away with races like France and Britain, we start to lose an essential element of the sport," the FIA president said.
FIA president Max Mosley said he believed a new pit and paddock complex would be built.
The FIA has clamped down on team-to-car radio as well as the two-way telemetry systems that enable engineers to tweak a car's settings while it is racing.
Formula One will miss former champion Jacques Villeneuve this season because the sport needs a rebel feesl the FIA president.
Brazilian Rubens Barrichello once likened Ferrari team mate Michael Schumacher to a sumo wrestler.
Mosley has had a change of heart and will stay in office at least until October 2005.
Max Mosley has stunned Formula One and the wider world of motorsport with the surprise announcement.
Ferrari president Luca di Montezemolo has criticised the system and urged the International Automobile Federation to change it.
Former FIA president Max Mosley has warned that Formula One risks serious difficulties unless it changes direction and cuts costs.
More Formula One teams could follow Caterham and Marussia into administration or failure, the former head of the sport's governing body Max Mosley warned on Monday.
These risks would be significantly reduced if the cars had to comply with the UN test regulation for frontal and side impact.
Luca di Montezemolo's resignation as Ferrari chairman on Wednesday severs an historic link with the company's late founder Enzo and marks the end of an era for Formula One's most successful and glamorous team.
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