Fiat says carmakers are ready to set up F1 alternative

All of the major European car manufacturers say they're ready to set up their own championship to rival Formula One.

All of the major European car manufacturers say they're ready to set up their own championship to rival Formula One.

Fiat's chief executive Paolo Cantarella says all of the members of ACEA - the European Car Manufacturers' Association - who participate in Formula One want to run their own alternative.

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