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      06-24-2009, 08:30 AM   #2
BudVlad
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FIA president Max Mosley has said he will not stand for re-election after claiming an agreement has been reached with Formula 1 teams to avoid a breakaway series.
Bernie Ecclestone and FOTA chairman Luca di Montezemolo held a series of meetings overnight and into the morning, prior to World Motor Sport Council meeting in Paris.
The FIA is expected to announce the official entry list for the 2010 Formula 1 World Championship Wednesday afternoon.
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