Car-f1-budget-caps
LONDON - Formula One's governing body is sticking to its plans for a budget cap to avoid a "financial arms race," despite threats from key teams to pull out of the sport if the plan is implemented.
GENEVA - All 10 Formula One teams met Friday's deadline to enter cars for the 2010 season, ending a threatened pullout by Ferrari and others in a dispute over a planned budget cap.
GENEVA - A standoff between Formula One teams and the sport's governing body over a budget cap appears close to being settled Friday with teams preparing to meet an entry deadline for the 2010 season.
