ANALYSIS-Motor racing-Stakes high for new Shanghai F1 deal

Newswire

By Nick Mulvenney and Simon Rabinovitch BEIJING, April 30 (Reuters) - Seven years ago, Shanghai decided that it needed Formula One to bolster its standing in the world and spent vast sums of money to bring a race to town. With that contract expiring, the shoe is now firmly on the other foot. Formula One -- and the automakers and sponsors that make the sport such a huge business -- cannot do without China, which overnight has become the world's largest car market. While both F1 and race ...

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