UPDATE 1-Motor racing-Rival F1 series appoints consultants

Newswire

(Updates with background, quotes) 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, which groups BMW, Mercedes, ...

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