News Details

Todt rules out budget cap in 2015

FIA president Jean Todt has ruled out any chance of a budget cap being introduced in 2015 and will instead need to reduce spending by means of the regulations.With a number of the current teams struggling financially, and the hope of budget restrictions enticing new teams to enter the sport, the teams that form the Strategy Group - which comprises Ferrari, Red Bull, McLaren, Mercedes, Lotus and Williams, not forgetting the FIA and the commercial rights holder (FOM) - have killed off the idea.'I understand that all the teams that are part of the strategy group are against the cost cap now,' Todt told reporters in Bahrain. 'So clearly, if the commercial rights holder, and if six teams are...
Full Story »
1y ago from Pitpass.com 0
Share

You May Also Be Interested In...

Formula 1 heading for 150-million says Todt

Formula 1 heading for 150-million says Todt 4 April, 2014 It appears that...
1y ago from GrandPrix247.com

FIA to abandon cost cap plans - Todt

Mercedes AMG Petronas The FIA has abandoned plans to introduce a cost cap...
1y ago from F1Zone.net

F1 heading for EUR 150m budget cap

F1 is heading towards a budget cap of EUR 150 million per team for the...
1y ago from GrandPrix.com

Todt says Williams, Lotus and Sauber are struggling...

Jean Todt FIA president Jean Todt has named Williams as one of three...
1y ago from GrandPrix247.com

Elsewhere On The Network

Popular On MotoGPToday.com

Honda apologise to Stoner for crash at Suzuka 8 Hours

HRC confirm Stoner crash in the Suzuka 8 Hours was due to throttle...
12h ago from MotoGP.com

Vinales thrown lifeline as Carrasco replacement

Isaac Vinales will replace the injured Ana Carrasco at the Red Bull...
7h ago from Crash.net

Aprilia to swoop for Bradl amidst Forward furore?

Forward Racing says it is still keen to retain agreements with its MotoGP...
7h ago from Crash.net

Honda Racing apologises to Casey Stoner following...

• Honda Racing acknowledges throttle malfunction was to blame in...
8h ago from TheGuardian.com

Popular On IndyCarToday.com

Q&A: Graham Rahal on his IndyCar title prospects

In an extensive interview, Graham Rahal talks about his chances of...
19h ago from SpeedCafe.com

Zanardi still wants to race at the Indy 500

Alex Zanardi has revealed an ambition to compete in the Indianapolis 500...
1d ago from Racer.com

Rahal: Mid-Ohio qualifying crucial for title push

Second generation racer Graham Rahal says he must qualify well at...
19h ago from SpeedCafe.com

IndyCar to introduce new rain tyre

– IndyCar has announced that a modified rain tyre will be...
1d ago from GPUpdate.net

Popular On TotalWRC.com

Latvala's sights set on a home hat-trick

Having triumphed in 2010, the 30-year-old claimed a second Finland...
7h ago from WRC.com

Junior debutant inspired by rally legend Loeb

Huttunen, 21, was chosen as rallying’s Future Star of Finland 2015 and...
11h ago from WRC.com

Flying blind: co-drivers set for bumpy ride

Finland's jumps can take your breath away
11h ago from WRC.com

Rallye de France returns to Corsica, for good or just...

If all the news, or should we call them threats guesses instead, are...

Popular On GunnersToday.com

Arsenal To Face Leicester City Competition For Charles...

It has been reported that Leicester City have entered the race to sign...
54m ago from Nastytackle.com

Gary Neville: Arsenal became more precious in...

Gary Neville: Arsenal became more precious in 2003...They didn't have...
4h ago from DailyMail.co.uk

Reports - Arsenal tell Palermo: Make it £7m and Joel...

Arsenal have told Palermo to double their bid for Joel Campbell,...
4h ago from TalkSport.com

PSG set to go head-to-head with Chelsea for £15m star

Chelsea’s hopes of bringing Abdul Rahman Baba to Stamford Bridge have...
4h ago from CaughtOffside.com

Comments

comments powered by Disqus

Hottest News

Ferrari to let Raikkonen option expire

Ferrari looks set to allow the 2016 'option' in... Read More »
10h ago from GrandPrix.com

Survey's in…F1 fans are mental

Formula 1 fans are confusing—well, at least... Read More »
2h ago from Formula1Blog.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.