2012 Formula One World Championship
In December 2011, Red Bull Racing and Scuderia Ferrari exited FOTA, the Formula One Teams Association, following prolonged debate over the implementation of the controversial Resource Restriction Agreement, though Red Bull team principal Christian Horner reaffirmed his team's commitment to cost-cutting measures and highlighting the team's concerns over certain loopholes in the Resource Restriction Agreement that they felt teams and manufacturers would willingly exploit. One week later, Sauber also left the organisation, though the Swiss team did not publicly give a reason for ending their membership.