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Whitmarsh: Majority of teams in 'survival mode'
McLaren team principal Martin Whitmarsh has warned that seven of the 11 teams on the grid are in "survival mode" due to the economy. Whitmarsh, who is also chairman of the Formula One Teams' Association (FOTA), is likely referring to Lotus, Sauber, Force India, Williams, Toro Rosso, Caterham and Marussia. Meanwhile Red Bull, Ferrari, McLaren and Mercedes enjoy significant financial backing from outside shareholders and large sponsors. The 54-year-old alluded to the current financial climate which is hurting those teams which rely heavily on sponsors, rather than manufacturer backing. "It's tough," he told the BBC. "We're in the world of advertising and you only...
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12y ago from TheF1Times.com
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