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FOTA officially disbanded

Caterham F1 Team The Formula One Teams' Association (FOTA) has been disbanded ahead of the 2014 Formula 1 season. FOTA was set up six years ago but was struck a blow when Red Bull, Toro Rosso, Ferrari and Sauber withdrew a couple of years ago. FOTA continued with seven of the 11 Formula 1 teams onboard but has now disbanded. 'I can confirm that FOTA has today been disbanded as a result of its members’ having re-evaluated their requirements in the face of a changing political and commercial landscape in Formula 1.”', FOTA general secretary Oliver Weingarten posted on Twitter.  
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