Motor racing-Carmakers' excessive spending hurts F1, says Mosley

Newswire

By Alan Baldwin SHANGHAI, Sept 24 (Reuters) - World motorsport head Max Mosley has fired a salvo at Formula One carmakers in the wake of Ford's decision to quit, accusing some of damaging the sport by throwing money at it. The International Automobile Federation (FIA) president told reporters at the Chinese Grand Prix that he was not surprised by Ford's decision to withdraw and sell its Jaguar team and engine maker Cosworth. He said, however, that what had happened justified his ...

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