Economic slowdown in Europe cost BIC GT1 race



Economic slowdown in Europe cost BIC GT1 raceGreater Noida: The FIA GT1 Sports Car Championship, which was scheduled to be held at the Buddh International Circuit in December, has been called off after the promoters of the event, St├ęphane Ratel Organisation (SRO), cancelled the season finale citing economic gloom in Europe.

Askari Zaidi, vice-president of corporate communication at Jaypee Group, told PTI that the race scheduled for December 2 will not take place this year, as Stephane Ratel, CEO of SRO, has written to the international automobile federation, FIA, asking them to cancel the event.

"It has been communicated to FIA by the promoters SRO Motorsports Group to cancel the event citing economic slowdown in Europe," Zaidi said here today on the sidelines of the launch of the new MRF Formula 2000 Car and the MRF Challenge 2012 series.