Joint Launching Of Formula 1 Cars Abandoned.

The earlier proposed cost-cutting plan by Formula 1 teams to publicly launch their 2010 cars together in Valencia, Spain next month had been abandoned.

This was revealed by one team source to Reuters on Wednesday. It was understood that one of the major reason for abandoning the plan was that some teams would not be able to have their cars track-ready by then.

Lotus F1 Racing team principal, Tony Fernandes, had earlier this month said that his team won't be ready with their cars and added in jest that he might be at the joint-launch with a Matchbox car.

Then there were also fears that Ferrari, with double world champion Spaniard Fernando Alonso, might eclipsed all other teams if a joint-launch was held in Spain, come rain or shine!