Radical cost-slashing rules for 2010 will make it easier for new teams to enter formula one and survive.

Radical cost-slashing rules for 2010 will make it easier for new teams to enter formula one and survive.

The governing FIA said in a statement on Friday that the proposals will be submitted for ratification to the World Motor Sport Council before the Australian grand prix next month.

The Paris body said the rules "will enable new teams to fill the existing vacancies on the grid for 2010 and make it less likely that any team will be forced to leave the championship".

The move, to slash current budgets to "a fraction" of their current size, is in view of the global recession, which is affecting "sponsors and major car manufacturers", the FIA added.

 

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