News Details

Cost reduction through rules sought as F1 cost cap unlikely to happen

Cost reduction through rules sought as F1 cost cap unlikely to happen 7 April, 2014 Formula 1 has abandoned plans to impose a budget cap in 2015 and will seek to reduce costs instead through regulation changes, FIA president Jean Todt said on Sunday. The governing International Automobile Federation announced last year that, with some teams struggling financially, it planned to introduce a cost cap for next season with an agreement scheduled for June 2014. However Todt, speaking to reporters at the Bahrain Grand Prix, said leading teams had made clear they did not believe the initiative was viable. 'I understand that all the (six) teams that are part of the strategy group are against the...
Full Story »
9y ago from GrandPrix247.com 0
Share

You May Also Be Interested In...

FIA to abandon cost cap plans - Todt

Mercedes AMG Petronas The FIA has abandoned plans to introduce a cost cap...
9y ago from F1Zone.net

Todt says crisis rule changes unlikely

Jean Todt has lashed out at teams who are criticising the 'new' face of...
9y ago from GrandPrix.com

Formula 1 abandons cost-cutting plans

– Formula 1's plans for a cost cap from 2015 have been scrapped,...
9y ago from GPUpdate.net

Formula 1 heading for 150-million says Todt

Formula 1 heading for 150-million says Todt 4 April, 2014 It appears that...
9y ago from GrandPrix247.com

Elsewhere On The Network

Popular On MGPToday.com

Aldeguer signs two-year MotoGP deal with Ducati for...

Fermín Aldeguer will make the step up to MotoGP in 2025, having agreed a...
15h ago from MotorsportWeek.c...

Popular On IndyCarToday.com

Lundqvist: CGR resources are ‘everything I could...

Linus Lundqvist is one of three rookies contesting the entirety of the...
15h ago from MotorsportWeek.c...

Consistency a top priority for Ericsson at ‘up and...

As Marcus Ericsson enters his sixth year racing in the NTT IndyCar Series,...

Popular On TotalWRC.com

Kenjiro Shinozuka, 1948–2024

Kenjiro Shinozuka, the 1997 Paris–Dakar Rally victor and 2× World Rally...
10h ago from TheCheckeredFlag...

Popular On GunnersToday.com

Big Gabi out of Brazil squad + Forest's points...

Morning. Not a lot of news but the main Arsenal story is the fact that...
24m ago from Arseblog.com

Man United want Real Madrid striker that Prem rivals...

The biggest clubs in European football could line up markedly differently...
1h ago from CaughtOffside.com

Premier League Team of the Season so far - Haaland,...

Sports Mole selects its Premier League Team of the Season so far,...
9h ago from SportsMole.co.uk

Comments

Hottest News

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.