FIA announces new attempt to cap costs in Formula 1 starting in 2015 10 December, 2013 Will costs controls in F1 ever work? Starting in 2015 time will tell Another attempt at trying to introduce a cost cap in Formula 1 is being attempted, according to a surprising FIA announcement.
Although many teams are facing financial difficulties, the idea of compulsorily capping annual budgets has remained highly controversial.
But FIA president Jean Todt told L'Equipe last week: 'We need to focus on the problem of costs at all levels of motor sport, not only Formula 1.'
So, after a Paris meeting of the sport's new strategy group and the Formula 1 Commission, and with Todt declaring a 'mandate', the...
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