http://www.time.com

Formula One is all about twists and turns on the track. But now it's the offtrack maneuvers that are revving up drama. Talks in London among the teams and authorities in motor sport's blue-ribbon championship ended without agreement Friday, failing to settle an ugly row over plans by the FIA, Formula One's governing body, to impose a voluntary $60 million budget cap on teams next year. Those who accept it will then have greater technical freedom to upgrade their cars beyond the current tight bounds.