9 Dec 2008

McLaren boss says Formula One can survive

11:27 am on 9 December 2008

McLaren's boss Ron Dennis says Formula One can survive the credit crunch that's seen the Williams team's chief chief executive Adam Parr predict that Honda's departure is likely to be followed by another manufacturer.

Dennis doesn't think there'll be a domino effect, though, because Formula One is a business as well as a sport.

And he says the people running it are well into a detailed examination of where costs can be cut without spoiling the show.