News Details

Teams to present cost-cutting plans in June

– Formula 1 teams have unanimously agreed that cost reduction and cost control plans will be presented to the World Motor Sport Council (WMSC) in June, before a budget cap is introduced for the 2015 season. The development was confirmed by the FIA on Thursday afternoon, after the governing body, Formula 1 supremo Bernie Ecclestone and team bosses met in Geneva to discuss the future of the sport. "The FIA President reaffirmed to members of the WMSC the FIA’s intention to assure a healthy, affordable and spectacular FIA Formula One World Championship for the long-term future," read an FIA statement. "At a meeting of the F1 Strategy Group yesterday, chaired by the FIA...
Full Story »
6mo ago from GPUpdate.net 0
Share

You May Also Be Interested In...

WMSC announces decisions

The weight of the car, without fuel, must not be less than 691kg at all...
6mo ago from Pitpass.com

Pirelli confirms new three-year F1 deal

– Following a decision by the World Motor Sport Council (WMSC)...
6mo ago from GPUpdate.net

No title sponsor, but a healthy budget - McLaren

McLaren will not announce a new title sponsor when it launches its new car...
6mo ago from TheF1Times.com

FIA confirms cost cap among rule tweaks

The FIA has raised the minimum weight for the 2014 season, among a number...
6mo ago from F1Zone.net

Comments

comments powered by Disqus

Hottest News

Angry Horner turns on media

An angry Christian Horner turned on the media for... Read More »
10h ago from SkySports.com

Wife selling Schumacher’s private jet

Michael Schumacher's wife is selling the private... Read More »
20h ago from ThisIsF1.com

Recent News

2014 GPToday.com
GPToday.com is not responsible for the news headlines and associated descriptions and images it indexes, the content of externally linked sites or the comments & postings of its users.

This website is unofficial and is not associated in any way with the Formula One group of companies. F1, FORMULA ONE, FORMULA 1, FIA FORMULA ONE WORLD CHAMPIONSHIP, GRAND PRIX and related marks are trade marks of Formula One Licensing B.V.