Renault to quit F1 over rules

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Motor sport's world governing body, the FIA, and its president Max Mosley, now face critical showdown talks with all the teams at a Heathrow airport hotel on Friday if they are to save the sport.

Renault president Bernard Rey said: "We remain committed to the sport, however we cannot be involved in a championship operating with different sets of rules, and if such rules are put into effect, we will be forced to pull out at the end of this season."

Mosley is now under serious pressure to revise the rules announced on April 29 following a meeting of the World Motor Sport Council.

The proposed GBP 40million budget cap would introduce a two-tier F1, sparking outrage, with five teams now confirming their intention not to compete from next year.

Ferrari, Toyota, Red Bull Racing, Toro Rosso, and now Renault, are all standing firm in the face of the FIA's policy making.

Renault team boss Flavio Briatore said: "Our aim is to reduce costs while maintaining the high standards that make Formula One one of the most prestigious brands on the market.

"We want to achieve this in a co-ordinated manner with the regulatory and commercial bodies, and we refuse to accept unilateral governance handed out by the FIA.

"If the decisions announced by the World Council on the 29th of April 2009 are not revised, we have no choice but to withdraw from the FIA Formula One World Championship at the end of 2009."