- Aug 10, 2007
Eight leading Formula One teams have agreed not to launch a rival championship next year after reaching a deal with motor sport's governing body.
FIA president Max Mosley said there would be a unified F1 series in 2010 following a meeting in Paris.
He also confirmed he would not stand for a fifth term, despite previously insisting he was not prepared to step down as part of any potential agreement.
But he said after the deal was agreed