F1 in talks with two potential new teams claims Ecclestone 16 January, 2014 More teams on the F1 grid in 2015? Formula 1 chief executive Bernie Ecclestone claims Formula 1 authorities are in talks with two potential new teams for the 2015 season. The governing FIA recently invited new entrants to bid for the vacant spot on the grid, but until now there has been no sign of any serious interest. Ecclestone, however, told the Wirtschaftswoche publication: “We are in talks with two new names. Neither is an automaker,” he added. The 83-year-old Briton gave no further details. But the new teams would come at a timely moment for the sport, amid fears several existing outfits are struggling financially. The FIA is aiming to introduce a budget cap, and team bosses will reportedly meet in Geneva next week for early talks. Diminutive Ecclestone, said he has proposed a budget limit of “200 million”. (GMM) Reports on GrandPrix247.com by: staff & contributors, Reuters syndication, GMM service, Formula 1 teams, sponsors & organisations.