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That didn't stop car manufacturers like Toyota and BMW from pulling out of the sport anyway (Honda had quit at the end of 2008.) That leaves only three major carmakers - Ferrari (owned by Fiat), Mercedes-Benz and Renault (though the latter recently sold a majority stake in the racing team to Luxembourg investment firm Genii Capital) - still in F1. "The sport just wasn't delivering the value," says John Howett, head of Toyota Motor Sports. For the new season, some of the old names have been replaced by entrepreneurs with more dash than cash. Ecclestone calls the new teams...
...couldn't figure out which they liked less, the cap or Mosley. "Max has an expression: 'Don't wound if you don't intend to kill,'" says Martin Brundle, a former driver who now commentates on F1 for television and manages drivers. "We've all been on the receiving end of that attitude, and it tended to smother all Max's good work." (See the most exciting cars...
Toward the end of last season, Mosley and the teams finally compromised on something called a Resource Restriction Agreement that takes effect this season. It isn't a cap, but it clamps down on runaway costs like wind tunnels and in-season testing. The big teams can still outspend their smaller rivals on, say, computer simulations, but just about everything in F1 is downsizing. It's now possible to field a respectable team, if not a winning one, for $100 million a season. New FIA president, former Ferrari manager Jean Todt, has pledged to bring costs down further...
...disappointed with the end result of tonight’s game, but certainly not disappointed with the effort of our players,” Stone said. “We got ourselves in a little bit of a hole and tried to dig ourselves out. It was one of the hardest fought, from start to finish, games that we’ve played all season...
...military into responding with force, or even stage an incident so that the military will be blamed. They would then appeal to constitutional monarch King Bhumibol Adulyadej to intervene. The 82-year-old king, recuperating in a Bangkok hospital from a lung infection, has on occasion intervened to end bloodshed and forge a compromise during times of crisis. Thaksin's opponents have questioned whether he and the red shirt movement are loyal to the monarch...