F1: F1 must reduce costs or else, warns Mosley

Sitting in front of an Amalgam 1:8 scale Ferrari, which is sure to rekindle talk of pro-Maranello bias, FIA President Max Mosley has warned that Formula One must take on board the current global financial crisis and adapt accordingly if the sport is to remain credible, far less survive as we currently know it. "It has become apparent, long before the current difficulties, that Formula One was unsustainable," the Englishman told BBC Sport's Adam Parsons. "It really is a very serious situation. If we can't get this done for 2010, we will be in serious difficulty." Mosley warned that unless the inhabitants of Planet Paddock take their heads out of the sand and realise what is happening in the real world F1 will suffer the consequences. The latest incarnation of Jordan, Force India, is bank-rolled by Indian billionaire Vijay... [read full story]