Motor racing: Todt to stand for third term as FIA president

BARCELONA ( Reuters) - Jean Todt is to stand this year for a third term as president of Formula One's governing body, the International Automobile Federation ( FIA).

The 71-year-old Frenchman made the announcement in a letter to FIA club presidents, which he also posted on his Twitter feed.

Todt, a former Ferrari boss who led the team to multiple championships with Michael Schumacher, took over from Max Mosley, a Briton, in 2010 and won a second term in 2014.

"Over coming months, my team and I will lay out our detailed programme for the term ahead," he said.

Formula One is facing significant change with U.S.-based Liberty Media taking over as commercial rights holders in January and ousting former supremo Bernie Ecclestone, who had run the sport for CVC Capital Partners.

(Reporting by Alan Baldwin, editing by John Stonestreet)