LONDON: Formula 1 is implementing “contingency plans” to deal with the consequences of Brexit, including possibly basing more material on mainland Europe, its chief executive Chase Carey said Tuesday. Mercedes team CEO Toto Wolff said Brexit could trigger “the mother of all messes” for his Northamptonshire-based team. Carey told reporters at the Geneva International Motor Show that F1 was trying to make plans despite the uncertainty surrounding the timing and nature of Brexit. Currently, F1 supports teams by transferring goods predominately from Britain to various European sites. Some F1 teams have suggested that teams based on the continent would have an advantage if new rules complicated the import of products into Britain, especially since teams typically work on tight deadlines.

Source: Pakistan Today March 05, 2019 16:08 UTC