Allianz scales down Williams backing

(GMM) Insurance business Allianz appears to have scaled down its sponsorship of Grove based F1 team Williams. The Munich based company appeared prominently as usual on the 2006 car's rear wing, but will on 2007 will limit its exposure at the team to just "eight key races", a statement issued on Wednesday said. Allianz joined Williams as a key sponsor in 2000.