By Alan Baldwin
ISTANBUL, June 5 (Reuters) - Formula One teams would consider setting up a rival series only as a last resort, bosses said on Friday.
The Formula One Teams Association (FOTA) are engaged in a standoff with the governing International Automobile Federation (FIA) over next year's regulations, with some -- including champions Ferrari -- threatening to walk away from the sport if they are not rewritten.
"We believe that commonsense will prevail and ...
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