Motor racing-Mosley calls for innovation and criticises Ferrari

Newswire

By Alan Baldwin

LONDON, Dec 10 (Reuters) - Formula One is being stifled by a lack of innovation and needs a radical overhaul to withstand the global credit crunch, motor racing head Max Mosley said on Wednesday.

"We need dramatically to cut costs and get innovation back into Formula One," the head of the governing International Automobile Federation (FIA) told a motor sport business forum in Monaco.

"We must stabilize the system with a base engine which anyone ...

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