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FIA extends 2013 cost rules deadline to July

By Editor on Monday, July 2, 2012 The FIA has reportedly extended a deadline for radical cost-cutting in Formula One. On the eve of Saturday's June 30 deadline, we reported that the prospect of cost-cutting was hanging in the balance as F1 teams dithered over the shape of the proposals. Germany's Auto Motor und Sport had reported the high risk that June 30 would come and go without significant reforms being put to the World Motor Sport Council. Indeed, that was the case, raising the prospect that – post June 30 – rule changes would be highly unlikely for 2013 due to the need for total unanimity. However, citing a British source, the German news agency DPA and the Financial...
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