As of yesterday- June 18 2009, Formula 1 as we know it no longer exists. What happened is that eight teams, Brawn GP, Ferrari, McLaren, Renault, Toyota, BMW Sauber, Red Bull Racing and Toro Rosso announced their decision to leave and form an independant motorsports body (FOTA)following a four-hour meeting last night ahead of this weekend's British Grand Prix at Silverstone.

Honda left months ago due to the unsustainability of maintaining a $500 million budget in these uncertain economic times.

This means there is not one single manufacturer left in the FIA camp, only privateers.

Bernie Ecclestone and Max Mosley are of course threatening legal action against the rebels, and have begun construction of a new, more powerful space station to bring the alliance to its knees.

The greatest exhibition of speed and engineering on earth is now kaput.