GENEVA — The future of Formula 1 may be largely decided at a meeting today between Max Mosley, president of the Fédération Internationale de l'Automobile (FIA), and representatives of the F1 racing teams.Mosley shocked the F1 community during last weekend's Chinese Grand Prix when he proposed a standard engine for all teams beginning in 2010. The six carmakers who race in F1 — BMW, Ferrari, Honda, Mercedes-Benz, Renault and Toyota — are opposed to the idea of a generic power plant.McLaren's Ron Dennis was outspoken in his criticism of the idea, and former McLaren driver and two-time champion Fernando Alonso said of the spec engine, 'This would no longer be Formula 1.'Luca di Montezemolo of Ferrari and John Howett of Toyota were to represent the Formula One Teams' Association (FOTA) in the discussion with Mosley, who has been pushing for dramatic economic and technical rules changes in the world Grand Prix racing series.'Even before current global financial problems, teams were spending far more than their incomes,' Mosley wrote in a letter to team principals. 'As a result, the independent teams are now dependent on the goodwill of rich individuals, while the manufacturers' teams depend on massive handouts from their parent companies.'Mosley has been trying to direct F1 toward a leadership position in the development of systems such as braking and exhaust energy recovery, which could benefit passenger-car technology.Despite controversy and early opposition to the standard-engine suggestion, some FOTA representatives have struck an optimistic note.Team owners engaged in lengthy discussions in Shanghai and have 'agreed on a document that goes in the direction the FIA has rightly pressed on with regards to costs, while keeping what we feel are the right variables in F1,' Ferrari's Stefano Domenicali told Autosport magazine.Inside Line says: Bodies and chassis are significantly differentiated, but F1 engines are of a standardized design, just like the V8s that power NASCAR stock cars. Mosley's proposals would move F1 even closer to a spec series. — David Green, Correspondent