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Teixeria scraps plans to buy F1 team

A1 GP chairman Tony Teixeira has ditched plans to buy a Formula One team after the sport changed its rules to ban the use of so-called 'customer cars'.

Teixeria, whose cars will be designed and powered by Ferrari from next season, ended talks with F1 team Toro Rosso after the change in rules. He said: We wanted to be running at the top, and that means top 10. The only way we were going to achieve that was with the customer cars. In other words, we were going to be the Ferrari B team and that's why I was willing to buy Toro Rosso. I sat with Toro Rosso and when we were close to a deal, F1 changed the rules: No customer cars. When they changed the rules, I was through”.

Teixeira also confirmed that he had looked again at Super Aguri as recently as 10 days ago but could see nothing there of interest to A1.