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Red Bull seeks spending limits despite FOTA split

Updated: December 10, 2011, 12:12

Red Bull Formula One driver Sebastian Vettel, center, of Germany, his teammate Mark Webber, right, of Australia and McLaren Formula One driver Jenson Button, left, of Britain stand on the podium while holding their trophies as an official speaks during the 2011 FIA Gala awards ceremony night in Gurgaon, some 35 kilometers (22 miles) west of New Delhi, India, Friday, Dec. 9, 2011. This is the first time India is hosting the awards gala, which has over the years been traditionally held in the French Principality of Monaco. (AP Photo/Parivartan Sharma, Pool)

MILTON KEYNES, England(AP) Red Bull is committed to preventing a financial "arms race'' in Formula One despite the reigning constructors' champion quitting the teams' association in a dispute over cost reductions.

Ferrari and Sauber have also withdrawn from the Formula One Teams Association within the last week after failing to agree on a resource restriction agreement.

Red Bull team principal Christian Horner says FOTA has become "less effective and more fractured in the way we should move forward.''

Backing budget controls, chief technical officer Adrian Newey insists Red Bull doesn't "want to get into an arms race like that which happened with the manufacturers a few years ago.''

Red Bull's Sebastian Vettel last month won a second successive F1 title.

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