Formula One urges changes to cut costs

Formula One wants to cut team budgets in half and improve fuel efficiency by 2011 to improve racing. The president of the governing body said Thursday that "urgent" changes were necessary because the sport was becoming "unsustainable." Max Mosley ...

Mosley asks F1 teams to cut costs, fuel consumption Silverstone, July 03: Formula One's governing body warned on Thursday that the sport was "becoming unsustainable" and invited teams to come up with new rules to slash costs and halve fuel ...

In a letter addressed to the 10 team principals and circulated to the media ahead of this weekend's British Grand Prix, Mosley said "difficult market conditions" required the sport to drive down the cost of running manufacturer teams by "at least 50%...

Formula One wants to cut team budgets in half and improve fuel efficiency by 2011 to improve racing. The president of the governing body said Thursday that urgent changes were necessary because the sport was becoming "unsustainable." Max Mosley ...