Saturday, 11 October 2008

Formula One racing looks to apply brakes to runaway costs

MADRID, Spain -- Formula One's future is at stake because of the global credit crunch, and its leading figures are trying to find a way to cut costs in a sport long linked to celebrities, glamour and big money. Max Mosley, president of motor racing's governing body, and Luca di Montezemolo, who chairs the body that represents Formula One's 10 teams, met today to start discussions on how the ...
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