F1 dispute talks go to the wire
 Fota's eight team prinicpals met on Sunday before the Turkish Grand Prix |
Formula One's teams and motorsport's governing body, the FIA, have held last-minute talks to try and resolve their dispute over F1's future.
The FIA is due to reveal the list of up to 13 teams set to contest the 2010 championship on Friday, 12 June.
The two parties have been in dispute over plans for a budget cap and the future of the sport.
Sources say negotiations are at a "delicate stage" but both sides are hopeful of reaching an agreement.
The teams' umbrella group (Fota) have responded to a letter from FIA president Max Mosley after he urged them to this week submit an unconditional entry for next year.
Mosley made it clear if they did so, he would sit down with all the confirmed entrants and listen to their proposals with regard to the shaping of the regulations for 2010.
An FIA spokesman said: "The FIA has received a letter and various attachments from Fota, the contents of which are not entirely negative, and we are currently examining the details."
However, it is not the first time that an end has looked in sight - the teams and the FIA staged meetings around the Monaco Grand Prix but failed to come to an agreement.
A meeting then took place between drivers and team principals representing eight members of Fota at the Turkish Grand Prix.
There had been fears the eight teams would withdraw from Sunday's race in protest against the tough new rule changes, a threat which never materialised.
Fota had originally included all 10 grid teams, but Williams and Force India were both excluded after submitting unconditional entries to sign up through to 2012.
Fota insists its teams would sign up through to 2012, but only if this year's regulations are in place for next season.
Meanwhile, three new teams look set to join the grid for the 2010 season.
The FIA will confirm the list of teams due to compete in F1 next season on Friday, with 10 teams lodging applications to join the grid from next season.
