FOTA teams call off breakaway series

The Formula One Teams’ Association (FOTA) will officially call off its plans for a rival championship tomorrow after reaching a breakthrough deal with the FIA.

Following last-ditch talks between FIA president Max Mosley, FOTA chairman Luca di Montezemolo and F1 supremo Bernie Ecclestone, an agreement was reached that commits the teams to the sport until 2012.

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