F1: Credit woes squeezing sponsors and manufacturers


LONDON: Formula One should be looking forward eagerly to the year ahead after a thrilling 2008 season with new winners and 23-year-old Lewis Hamilton becoming the youngest world champion on the last lap of the last race.

Instead, with the global economic crisis squeezing sponsors and manufacturers alike, the playground of billionaires and big business has had to tighten its belt and prepare for a more frugal future.

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