Formula one teams are yet to show any signs of being negatively affected by the global recession, according to Bernie Ecclestone.

Formula one teams are yet to show any signs of being negatively affected by the global recession, according to Bernie Ecclestone.

Despite the loss of sponsors, Honda's withdrawal and the drive to radically slash costs, F1's actual competitors are pushing ahead as usual, the F1 chief executive explained in interview with the Guardian newspaper.

"You would have thought that the teams would take less people and start to cut down on costs. But they're taking more people to the races than they took last year," Ecclestone said. "I know exactly because we do all the credentials.

"It doesn't look to me as though they're cutting down too much."

Despite Honda's decision to quit amid flagging car sales, and the fortunate survival of the team as Brawn GP, the grid will continue to boast 20 cars this season.

Also remaining the same is the commercial structure, with Ecclestone at the helm, despite reports in the sister newspaper The Observer that the sport's debt investors are concerned about the future.

"I'll continue to do what I do as long as the shareholders are happy and as long as I can deliver," Ecclestone insisted.

"When I feel, 'Bernie, you ain't getting the job done any longer', then I'll do something else. Until then, I'm here," he added.