LONDON (AP) — Carlos Sainz Sr. has confirmed he won't run for the presidency of the FIA — the governing body for auto racing series like Formula 1. The 63-year-old Sainz, the father of F1 driver Carlos Sainz Jr., announced Wednesday that his decision followed months spent trying to “understand in depth the situation at the FIA” as well as the “demands and complexities” of the job. "After a thoughtful reflection, I have come to the conclusion that the present circumstances are not ideal to set the grounds for my candidacy," the two-time World Rally champion wrote in a statement on Instagram.