Grand Prix World Championship
Grand Prix World Championship ( GPWC ) was a possible alternative world championship in auto racing as a competitor to Formula 1 . The GPWC has been replaced by the Grand Prix Manufacturers' Association (GPMA).
The GPWC holding (like the GPMA in the beginning) consisted of Mercedes-Benz , BMW , Renault , Honda and Toyota - five of the biggest participants in Formula 1. The GPWC was created as a means of negotiating the corporations with Bernie Ecclestone about a to support the acceptable extension of the Concorde Agreement (the contract according to which the teams entered Formula 1) from 1997.
Although the GPWC planned to start in 2004 a competition series, its future mid-January 2005 was uncertain for Ferrari the occurrence published a contract with Ecclestone and signed an extension of the Concorde Agreement. Ecclestone then expressed the expectation that the remaining teams should follow soon. However, at around the same time, Honda and Toyota showed an interest in working with the GPWC.
The project ultimately failed to materialize after the teams agreed on a memorandum of understanding with Ecclestone during the 2005 Spanish Grand Prix .
In 2009, in the course of renewed disputes between the teams and the FIA, the newly founded Formula One Teams Association once again used the threat of founding a parallel series as a means of political pressure.
Individual evidence
- ↑ GPWC before expansion on the page of the Motorsport Magazin from February 2, 2005, accessed on May 4, 2019
- ↑ The GPWC lives on the page of the Motorsport Magazin, from January 22, 2005, accessed on May 4, 2019
- ↑ GPMA 'manufacturer: "Didn't give in" . www.motorsport-total.com, March 28, 2006.