F1 teams appoint Montezemolo as chairman

The Formula One Teams Association (FOTA) appointed Ferrari president Luca di Montezemolo as their first chairman on Thursday. Toyota motorsport president John Howett was named as vice-chairman. The 10 teams set up the association to work with the...

The Formula One Teams Association (FOTA) appointed Ferrari president Luca di Montezemolo as their first chairman on Thursday.

Toyota motorsport president John Howett was named as vice-chairman.

The 10 teams set up the association to work with the governing International Automobile Federation (FIA) and commercial rights holders to find ways of improving the show while spending less and increasing revenue.

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