Motor racing-Rival Formula One series appoints consultants

Newswire

LONDON, Oct 26 (Reuters) - GPWC Holdings, which groups the major Formula One carmakers, has appointed consultants to prepare the ground for the introduction of a rival grand prix series in 2008. In a statement on Tuesday, GPWC said International Sports and Entertainment AG would "start building immediately the operational and commercial structure for a new open-wheel motor racing series, to begin no later than 2008". GPWC groups BMW, Mercedes, Ferrari and Renault. The carmakers are ...

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