Motor racing-Ferrari extend existing F1 agreement until 2012

Newswire

LONDON, Jan 19 (Reuters) - World champions Ferrari have agreed to extend until 2012 the 'Concorde Agreement' governing the running of Formula One, the International Automobile Federation (FIA) announced on Wednesday. The surprise news effectively means Ferrari have gone their own way and broken ranks with other carmakers who say they are planning their own series from 2008. "Further to discussions regarding the long-term development of the FIA Formula One world championship, the FIA, ...

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