Spending not the right formula for Mosley

Motor racing chief Max Mosley has once again called on Formula One’s super-rich teams to curb their spending.

Mosley, president of motor sport’s governing body the FIA, is concerned at the £1.5bn (€2.2bn) costs incurred in just one season and is planning to tighten restrictions on design and manufacturing he introduced in 2003 to further reduce teams’ scope for investment.