UPDATE 1-Decision on F1 future seen in 2005
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The head of Italian sports car maker Ferrari says the future of Formula One will be decided next year and that manufacturers could walk away if they are unhappy with any deal.
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Sport: Formula one: Fernando Alonso's McLaren future will be decided in the next two weeks.
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Jordan are close to agreeing an engine deal with Toyota that would secure their Formula 1 future. The Irish team have been striving to finalise a deal to meet the deadline of 15 November for entries for the 2005 championship.
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The BRDC are looking to finalise a deal with Formula One Management (FOM) that will ensure that the British Grand Prix takes place next year on July 3rd and in 2005.
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The British grand prix at Silverstone will be included on formula one&#39;s draft 2005 calendar when it is published tomorrow, according to sources close to the negotiations.
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&quot;The announcement by the FIA in Paris today that the 2005 British Grand Prix has been granted a provisional date on 3 July is progress,&quot; said the BRDC.
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The British Formula One Grand Prix looks set to be saved with government officials optimistic of a Friday announcement.
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Courts have ruled against the F1 supremo which somewhat takes away most of the powers from Bernie Ecclestone. However, he is back with a plan that might lead to his comeback in the most expensive sport in the world today.
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SAO PAULO, Brazil : The future of the Jaguar Formula One team is expected to be announced later this week when a decision is taken over offers made to buy the outfit.
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The British Grand Prix has a July 3 slot on the FIA calendar for next year&#39;s F1 World Championship, but it&#39;s one of several events which aren&#39;t yet firmly fixed.
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After weeks of negotiations that, at last viewing, appeared to be forcing the British Grand Prix off the Formula One calendar, Tuesday&#39;s teams&#39; meeting in London has once again resurrected hopes that the Silverstone race will take place in 2005.
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He told the UK&#39;s The Times: &quot;What could I do? I have got an offer from another country who are looking to build a lovely venue and invest a lot of money in Formula One.
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The Williams Formula One team will present their 2005 driver lineup in Bahrain on January 7, the team said on Monday. Next season&#39;s BMW-powered FW27 car will be launched at Spain&#39;s Valencia circuit on January 31.
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Bernie Ecclestone&#39;s grip on Formula One is no longer absolute. That and this report from The Daily Telegraph&#39;s Kevin Garside.
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The British grand prix is on Bernie Ecclestone&#39;s draft 2005 calendar, which will be published after a World Council meeting in France.
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The British, French and San Marino Grands Prix will take place in 2005 after circuit owners signed agreements with Bernie Ecclestone, Formula One&#39;s commercial rights holder, the 74-year-old billionaire said.
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Ferrari sources have said unofficially that they will support the commercial arrangements agreed on Tuesday by the other nine formula one teams which should remove the last hurdle preventing the 2005 British grand prix from being confirmed on the final