Cost-cutting deal ?vital? for F1?s future

Formula 1 teams must realise that getting a cost-cutting deal in place by the end of this month is 'vital' for the future of the sport, reckons Mercedes-Benz motorsport boss Norbert Haug. As AUTOSPORT revealed over the weekend, the FIA has given teams until July 24 to try and come up with much-needed sporting regulation changes for 2013 that will help keep expenditure in F1 down. Furthermore, the door remains open on implementing a way that the governing body can police a Resource Restriction Agreement.

James Christopher McMurray Casey James Mears Juan Pablo Montoya