FIA President Jean Todt believes motorsport may need to undertake a “complete rethink” due to the coronavirus pandemic, comparing the situation to the Great Depression. FIA-sanctioned motorsport series are on hiatus due to the pandemic and are not due to resume until July, when Formula 1 hopes to hold its season-opening grand prix in Austria. Formula 1 has already opted to retain current chassis for 2021, delay the new regulations by 12 months, with the budget cap likely to be lowered. The automotive industry is one of many that has already been financially impacted by the pandemic, with figures downgraded for the current year. It has prompted speculation that manufacturers could...
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