Motor racing-F1 peace deal unlikely before season's start

Newswire

By Alan Baldwin LONDON, Dec 15 (Reuters) - Formula One is unlikely to reach a deal before the start of next season to end the threat of a carmaker-led rival series from 2008, according to McLaren boss Ron Dennis. The Briton, whose team are 40 percent owned by Mercedes' parent DaimlerChrysler, said, however, that the recent purchase of the sport's commercial rights by CVC Capital Partners was a positive step. The carmakers want clear corporate governance, a level playing field for all ...

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