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A1GP certainly looks dead.
With regards to the concept, the idea of a world cup in motor racing is great one, and I hope someone else gives it a try, but A1GP didn't really get it right. If I were running such an event, I'd be going for something that resembled the EFDA Nations Cup more. Technical regulations and handing out the franchises are another matter - doable, but it would probably need to be done by the FIA directly.
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