A peaceful solution in F1

Max Mosley has predicted a "peaceful" solution to Formula One's problems after talks on the future of the sport and a new 2008 Concorde Agreement. Mosley, president of world governing body the FIA, was due to hold a press conference on Saturday in Shanghai to discuss the future of the sport but cancelled it after talks overnight.

He said: "As far as 2008 is concerned there is a lot of progress being made.

"There are all sorts of discussions going on and it's got to the situation now where I don't really want to prejudice those discussions by talking too much about what's going on in public because there has been a lot of movement.

"Therefore sometimes it's better to let the thing reach its natural conclusion and not take a position which then makes it more difficult."

Asked if talks have been positive, he replied: "From our point of view very much so. I don't see difficulties in the future. I think it's all going to end up quite peaceful."