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How serious are the carmakers about starting their own series?

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How serious are the carmakers about starting their own series?

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I have no idea. Q: What are the chances of an agreement with the carmakers? Are talks going on? A: We talk all the time…. The problem is that we signed a memorandum of agreement some time ago. The necessity was for the manufacturers to confirm their participation until 2014. They said they couldn’t do it. Our banks wanted to have the opportunity to go to market [via an IPO], which they couldn’t do without a commitment. We’re happy to sign today [if the auto makers commit to 2014]. Q: What are the chances that a rival racing series can be successful? A: What do I think the chances are? I wouldn’t want to do that. I don’t think I could do it even. The people they’re talking to have no idea of Formula One. It’s not [the auto makers’] business. It’s like me starting up a rival car company. They don’t know what they don’t know. Q: The auto makers complain your organization isn’t transparent. A: It couldn’t be more transparent than it is. We’re probably more transparent than the auto maker

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