About Us   Jobs   Contact Us      


Motorsport Boss Mosley Hints Others May Follow Honda
    2008-12-05 21:17:10     Xinhua
Motorsport boss Max Mosley has warned that there is a "serious danger" another car manufacturer could follow Honda out of Formula One.

Mosley, president of governing body the International Automobile Federation (FIA), said Honda's exit was "very sad but it's not entirely a surprise".

Mosley said it was imperative the sport cut its soaring costs - with top teams spending about 300 million pounds a year, the BBC said.

Mosley derided the team's cost-cutting proposals as "fiddling about".

The Formula One Teams Association (Fota) met on Thursday to discuss its own proposals and said they had agreed to "substantial cost-cutting for 2009 and 2010, and additional initiatives to improve the show".

Fota also agreed a "new, low-cost engine will be introduced in 2011".

The organisation said it would submit these proposals to the FIA, but Mosley said on Friday that they did not go anywhere near far enough.

"If we don't cut costs, we would lose one team after another and we would end up with no teams at all, or a grid that lacked all credibility," said Mosley

He described Honda's decision to quit F1 and try to sell its team as a "very significant warning".

"If the teams don't notice now what's happened, you have to abandon all hope for them," he added.

"The teams who met are all subsidiaries of these big companies and they could get a fax in the morning saying: 'We're stopping this, which is effectively what happened with Honda.

"So if they don't wake up to it now, they'll probably get a nasty shock in the future.

"But our job is to take action to make sure that won't happen. That's why we've sent out a letter to the teams this morning setting out or plans to get the costs right down."


CRIENGLISH.com claims the copyright of all material and information produced originally by our staff. No person, organization and/or company shall reproduce, disseminate or broadcast the content in any manner whatsoever without the express written permission of CRIENGLISH.com.

CRIENGLISH.com holds neither liability nor responsibility for materials attributed to any other source. Such information is provided as reportage and dissemination of information but does not necessarily reflect the opinion of or endorsement by CRI.

Also on our site
China | World
• Russian Natural Gas Supplies to Balkans Halted
• Three Israeli Soldiers Killed in Friendly Fire in Gaza
• Polanski's Lawyers Seek to Have Sex Case Dismissed
• Foreign Journalists still Not Allowed into Gaza
• US VP-elect Joe Biden to Visit Pakistan
• China Curbs Overseas Trips on Public Expense
Business | Sports | SciTech
• China Issues Long-awaited 3G Licenses
• Wahaha, Danone Start Trademark Arbitration
• GM Reports 31 Percent Sales Decline in U.S. Market
• Call for More Overseas Talents
• Bulgarian Figure Skating Champion Sentenced to 2.5 Years in Prison
• China's Mission to Mars Set for Take-off
Life | Showbiz
• A Seemingly Endless Scandal
• Asian Art Top Show Kicks off in Beijing
• Behind-the-Scene Photos of "Look for a Star"
• Universal Pictures Movies Set New B.O. Record in 2008
• Tan Dun's Deep Pool of talent
• Top 10 Shows in 2008 
• China Drive, Afternoon, 2009-01-07
• China Drive, Afternoon, 2009-01-06
• China Drive, Morning, 2009-01-06
• Official Property Declaration System
• India handed over evidence of Mumbai attacks to Pakistan
• EU delegation holds talks to push for a cease-fire in Gaza
• Mubarak Meets with EU Troika on Gaza Situation
• Bush says any Gaza ceasefire must stop Hamas rocket fire
View the Messages