The FIA has released the following statement after the World Motor Sport Council meeting in Paris...
The World Motor Sport Council met in Paris on 24 June 2009. The following decisions were taken:
Formula One World Championship
All currently competing teams have committed to the FIA Formula One World Championship.
There will be no alternative series or Championship and the rules for 2010 onwards will be the 2009 regulations as well as further regulations agreed prior to 29 April 2009.
As part of this agreement, the teams will, within two years, reduce the costs of competing in the Championship to the level of the early 1990s. The manufacturer teams have agreed to assist the new entries for 2010 by providing technical assistance.
The manufacturer teams have further agreed to the permanent and continuing role of the FIA as the sport's governing body. They have also committed to the commercial arrangements for the FIA Formula One World Championship until 2012 and have agreed to renegotiate and extend this contract before the end of that period.
All teams will adhere to an upgraded version of the governance provisions of the 1998 Concorde Agreement.
The following teams have been accepted for the 2010 FIA Formula One World Championship.
Scuderia Ferrari Malboro (Ferrari)
Vodafone McLaren Mercedes (McLaren Mercedes)
BMW Sauber F1 Team (BMW Sauber)
Renault F1 Team (Renault)
Panasonic Toyota Racing (Toyota)
Scuderia Toro Rosso (STR TBA)
Red Bull Racing (RBR TBA)
AT&T Williams (Williams Toyota)
Force India F1 Team (Force India Mercedes)
Brawn GP Formula One Team (Brawn TBA)
Campos Meta Team (Campos Cosworth)
Manor Grand Prix (Manor Cosworth)
Team US F1 (Team US F1 Cosworth)
In view of this new agreement and with the prospect of a stable future for Formula One, FIA President Max Mosley has confirmed his decision not to stand for re-election in October this year.
Source : Planet F1