The FIA and Formula One Teams’ Association failed to reach a compromise agreement on the 2010 regulations following crunch talks in London on Friday.
FIA president Max Mosley told reporters after the meeting at a Heathrow hotel that there had been "no concrete agreement" and that the governing body would not be swaying from its £40 million budget cap plans.
He added that teams had gone off to hold a separate meeting in which they may devise a counter proposal.
Meanwhile, Mosley also revealed that Ferrari – one of four team owners who has threatened to quit the sport if the cap and two-tier system is introduced - has applied to a French court for an injunction in a bid to stop the rules changes happening.
Asked by ITV News after the meeting if he thought Ferrari would remain in the sport next year, Mosley said: "[I] Don’t know, because at the moment their latest thing is that while their man [Stefano Domenicali] was sitting in the meeting, unknown to him they went to the French courts and they have asked for an injunction to stop us changing the rules – at least that is my understanding.
"That will come on next week and we will see what comes out of that, but I think it rather embarrassed their representative."
The FIA/FOTA summit, also attended by Formula 1's commercial supremo Bernie Ecclestone, was called to try and halt the escalating row over next year's regulations following Ferrari, Renault, Toyota and Red Bull's threats to quit the sport.
Teams are opposed to the two-tier nature of the budget cap and are livid that the rules have been introduced without their consultation.

source [www.itv-f1.com]