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Mercedes's Norbert Haug says cost-cutting deal 'vital' for F1's future

By Jamie O'Leary and Jonathan Noble

Monday, July 2nd 2012, 09:51 GMT

Formula 1 teams must realise that getting a cost-cutting deal in place by the end of this month is 'vital' for the future of the sport, reckons Mercedes-Benz motorsport boss Norbert Haug.

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