News Details

Formula One budget cap off the table

A budget cap for Formula One teams, planned to be introduced by 2015 is now off the table, according to FIA president Jean Todt. He says the FIA will now look at further regulation changes to reduce costs. In December 2013, the World Motorsport Council announced that it approved the principle of a cost cap. A working group, including 6 of the 11 Formula One teams was subsequently established to negotiate the specific details of the cost limit. The working group at the time was said to be targeting a finalization of the regulations by June 2014. Teams part of the strategy group include Ferrari, Red Bull, Mercedes, McLaren, Williams and Lotus. It looked like there was to be an agreement on a...
Full Story »
2y ago from F1Technical.net 0
Share

You May Also Be Interested In...

Cost reduction through rules sought as F1 cost cap...

Cost reduction through rules sought as F1 cost cap unlikely to happen 7...
2y ago from GrandPrix247.com

Todt rules out budget cap in 2015

FIA president Jean Todt has ruled out any chance of a budget cap being...
2y ago from Pitpass.com

Formula 1 heading for 150-million says Todt

Formula 1 heading for 150-million says Todt 4 April, 2014 It appears that...
2y ago from GrandPrix247.com

Symonds: It's costs that are going to kill Formula 1...

Pat Symonds Formula 1 needs to focus on the positives of its new turbo era...
2y ago from GrandPrix247.com

Elsewhere On The Network

Popular On MGPToday.com

Marquez's gamble yields German win

An inspired decision to pit early for slicks as the Sachsenring circuit...
23h ago from SuperSport.com

'It's Stoner's choice to race or not'

Ducati MotoGP boss Paolo Ciabatti says that it’s not impossible that...
23h ago from SuperSport.com

Lorenzo hails “impressive” and “unbelievable”...

Yamaha MotoGP star Jorge Lorenzo has paid tribute to the skills of retired...
4d ago from Motorsport.com

Michelin need ‘more resistant solutions’ for...

Michelin have some work to do after some MotoGP riders at the Red Bull...
1d ago from BikeSportNews.com

Popular On IndyCarToday.com

Miles clarifies Tony George’s position as chairman...

Mark Miles, CEO of Hulman & Company, parent company of IndyCar and...
7h ago from Motorsport.com

INDYCAR: George is Hulman & Co. board chairman

Tony George was revealed on Sunday to have replaced his mother, Mari...
8h ago from Racer.com

INDYCAR: Aeroscreens likely for 2018

The Verizon IndyCar Series isn’t ready to confirm its solution or...
3d ago from Racer.com

Harvey test crash puts SPM race deal in jeopardy

A heavy shunt for young gun Jack Harvey in IndyCar’s Mid-Ohio test today...
3d ago from Motorsport.com

Popular On TotalWRC.com

2017 World Rally Cars uncovered: Part 2

2017 World Rally Carsuncovered: Part 2 In the second part of our look...
18h ago from WRC.com

A remarkable third-place class finish for ALDO Racing...

A real adventure in no man's land from Moscow to Beijing for Canadians...
15h ago from Motorsport.com

Kris Meeke, Craig Breen and Khalid Al Qassimi gear up...

The Abu Dhabi Total WRT team will have three cars competing in Rally...
15h ago from Motorsport.com

2017 World Rally Cars uncovered: Part 1

Advertising Next year’s regulations have been designed to deliver more...
2d ago from WRC.com

Popular On GunnersToday.com

Premier League wage bills: How much did it cost your...

HOW much did it cost Premier League clubs to pay their players during the...
1h ago from Express.co.uk

Per Mertesacker Urging Arsenal To Invest In The Squad...

It has been reported that Arsenal defender Per Mertesacker has urged the...
2h ago from Nastytackle.com

BVB Coach Tuchel Warns Arsenal Off Matthias Ginter

Reports have emerged claiming that Borussia Dortmund coach Thomas Tuchel...
1h ago from Nastytackle.com

Arsenal Yet To Agree Terms With Roma For Wojciech...

It has been revealed that Arsenal are battling to reach terms with Roma...
2h ago from Nastytackle.com

Comments

Hottest News

Not convinced Lewis was backing Nico up in Hungary

It’s perfectly normal that each race weekend... Read More »
2h ago from Formula1Blog.com

Vettel airs thoughts on Raikkonen-Verstappen duel

After the Hungarian Grand Prix concluded,... Read More »
14h ago from PlanetF1.com

WATCH: Lewis and Nico disagree

Lewis Hamilton and Nico Rosberg were involved in... Read More »
13h ago from SkySports.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.