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 »
2y 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...
2y ago from Pitpass.com

Pirelli confirms new three-year F1 deal

– Following a decision by the World Motor Sport Council (WMSC)...
2y 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...
2y 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...
2y ago from F1Zone.net

Elsewhere On The Network

Popular On MGPToday.com

Rossi: ‘The bike is more beautiful without the...

Valentino Rossi has admitted that while he’s also not convinced about...
13h ago from MotorcycleNews.c...

Stoner: Carbon frame Ducati best bike in 2009

"When we had the carbon frame in 2009, I believe we had the best bike...
13h ago from Crash.net

Marquez brothers part ways with VR46 Racing Apparel

Marc and Alex Marquez’s management agency have this morning officially...
15h ago from MotorcycleNews.c...

Marquez confirms merchandising split with VR46

Marc Marquez's management has confirmed that Valentino Rossi's VR46 Racing...
14h ago from Motorsport.com

Popular On IndyCarToday.com

INDYCAR: 100th Indy 500 gets boosted by Super Bowl ad

Sunday's 50th Super Bowl was pretty forgettable but there was a memorable...
7h ago from Racer.com

MILLER: IndyCar's rookie problem

A year ago Sage Karam (LEFT) visited IndyCar's Media Day as a full-time...
9h ago from Racer.com

INDYCAR: Revised livery for Kanaan's NTT Data car...

Chip Ganassi Racing took to Twitter to reveal a revised look for Tony...
4h ago from Racer.com

Andretti could field Frijns in IndyCar

– Michael Andretti says it is "very possible" that...
10h ago from GPUpdate.net

Popular On TotalWRC.com

Swedish organisers cut stages

Rally Sweden organisers have axed eight of the event's 21 scheduled...
8h ago from SuperSport.com

Weather forces Sweden route revamp

Melting snow and ice threatened the season’s only pure winter rally as...
11h ago from WRC.com

Rally Sweden could be cancelled due to high...

The organisers of Rally Sweden have announced that the 2016 edition of the...
16h ago from Motorsport.com

Paddon positive for new Hyundai debut on fast Swedish...

The second round of the 2016 FIA World Rally Championship runs in next...
5h ago from Motorsport.com

Popular On GunnersToday.com

Arsenal urged to freeze prices to 2019

Arsenal Supporters' Trust has written to the club saying only reason to...
3h ago from Telegraph.co.uk

Fans' groups to discuss possible mass walkout in...

N FC's Craig Burley is fuming following a hike in ticket prices that saw...
37m ago from ESPNFC.co.uk

Arsenal star determined to leave this summer,...

David Ospina is apparently decided on an Arsenal exit this summer, with...
1h ago from AllArsenal.com

Midfielder wants Arsenal switch, but temperament an...

Southampton midfielder Victor Wanyama is apparently still hopeful that a...
1h ago from AllArsenal.com

Comments

Hottest News

Ferrari power now equal to Mercedes

Ferrari F1 News: Ferrari sporting... Read More »
13h ago from F1Hub.net

Lewis at the Super Bowl

Lewis Hamilton continues to spend much of his... Read More »
7h ago from F1i.com

Sauber C12 – Concept by Mercedes-Benz

The Sauber C12 was the car with which the Sauber... Read More »
4h 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.