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 »
1y 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...
1y ago from Pitpass.com

Pirelli confirms new three-year F1 deal

– Following a decision by the World Motor Sport Council (WMSC)...
1y 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...
1y 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...
1y ago from F1Zone.net

Elsewhere On The Network

Popular On MotoGPToday.com

MotoGP bosses announce massive cash boost for teams

MotoGP will pay for all satellite bikes as part of a huge investment
5h ago from BikeSportNews.com

Espargaro Retains Practice Lead in Argentina

Aleix Espargaro kept Suzuki at the top of the MotoGP practice timesheets...
13h ago from TheCheckeredFlag...

Rossi: “The big issue is the tyres”

Movistar Yamaha’s Valentino Rossi completed the first day of practice...
15h ago from MotoGP.com

Espargaro dominates day one in Argentina

Team Suzuki Ecstar’s Aleix Espargaro showed how competitive the new...
5h ago from SuperSport.com

Popular On IndyCarToday.com

Alesi takes double pole on car racing debut

Giuliano Alesi, the 15-year-old son of former Ferrari Grand Prix star...
18h ago from Motorsport.com

IndyCar: Long Beach gallery - Friday

Sights from day 1 IndyCar action at the Toyota Grand Prix of Long Beach....
8h ago from Racer.com

IndyCar: Dixon leads Ganassi 1-2 in Long Beach FP1

Scott Dixon, who hasn’t won on this track since the Indy Lights race in...
16h ago from Racer.com

IndyCar: Will Power tops tight battle in FP2 at Long...

Don't miss a thing at the 41st Toyota Grand Prix of Long Beach. Get the...
12h ago from Racer.com

Popular On TotalWRC.com

Rally Argentina: Event timetable

Complete event timetable for Rally Argentina, the fourth round out of 13...
23h ago from Crash.net

Lappi heads Skoda WRC 2 challenge

European champion Esapekka Lappi will step up to head the Czech...
1d ago from WRC.com

Hyundai brings paddles to Argentina

And they'll get to use them a lot, in those water splashes. Now, after...

Bryan Herta Autosport expands into GRC

Former IndyCar driver will field two teams with Sandell and Dyne as...
1d ago from Motorsport.com

Popular On GunnersToday.com

FA CUP : Reading’s Predicted XI To Face Arsenal

Below is our team prediction for Reading ahead of their FA Cup clash...
2h ago from Nastytackle.com

Top ten teams least respectful to referees, Arsenal...

One of the features of the Premier League these days is players...
2h ago from CaughtOffside.com

Alexandre Lacazette & nine of Europe's finest we wish...

Arsenal, Manchester United, Liverpool, and Newcastle look set to give up...
8h ago from CaughtOffside.com

Arsenal told the three signings that could bring...

Arsenal could make just three big signings to help them to Premier League...
5h ago from CaughtOffside.com

Comments

comments powered by Disqus

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.