F1 peace could be declared in Malaysia
That is the revelation of FIA president Max Mosley, who attended the Bahrain opener for key talks with the carmakers' 'GPMA' group.
Although a meeting on Saturday night failed to see the now highly anticipated 'memorandum of understanding' signed, the Briton says all parties now agree that cost cutting is a must for F1's future beyond '08.
''(An agreement is) much closer than I thought (it) would be,'' Mr. Mosley told ITV.
''Now they're all talking about getting the costs down (and) now the argument (is) how, and that's much easier.''
Mosley suggested that a final agreement could be just weeks away and 'maybe earlier than that'.
Indeed, a source within the 'GPMA' camp confirmed that changes would now be made to the rejected draft memorandum of understanding ahead of a new meeting in Malaysia.