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F1 teams 'are in survival mode'
Seven of the 11 Formula 1 teams are struggling financially to the extent that they are in 'survival' mode, says McLaren team boss Martin Whitmarsh. Whitmarsh, who is also chairman of the Formula 1 Teams' Association which represents the majority of the sport's competitors, said: 'It's tough. 'We're in the world of advertising and you only have to see how advertising is worldwide. The rate card is down. 'We have taken some measures but I think it's going to be tough for some.' 2012 Constructors' Standings 1st: Red Bull, 460 points 2nd: Ferrari, 400 points 3rd: McLaren, 378 points 4th: Lotus, 303 points 5th: Mercedes, 142 points 6th: BMW Sauber, 126 points 7th: Force India, 109 points 8th:...
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