News Details

Formula 1 cost cap plan scrapped, but was it ever on?

Plans for Formula 1 to introduce a cost cap from 2015 onwards have been abandoned, according to FIA president Jean Todt. The sport's governing body announced last December that it intended to introduce cost-cutting measures for next season. An agreement was scheduled for June 2014 but Todt – who attended his first F1 race of the year in Bahrain – has now confirmed that the six team representatives on the F1 Strategy Group (Red Bull, Mercedes, Ferrari, Lotus, McLaren and Williams) are now against the plan. 'Most of the teams were in favour of the cost cap, but I understand that all the teams that are part of the Strategy Group are against it now,' he told reporters at the...
Full Story »
1y ago from RichlandF1.com 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...
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

Todt gives mandate for working group to study F1 sound...

Jean Todt Formula 1 will push ahead with attempting to make the sport's...
1y ago from GrandPrix247.com

Silverstone happy with the less noisy new Formula 1

Silverstone happy with the less noisy new Formula 1 5 April, 2014...
1y ago from GrandPrix247.com

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
4h ago from BikeSportNews.com

Espargaro Retains Practice Lead in Argentina

Aleix Espargaro kept Suzuki at the top of the MotoGP practice timesheets...
11h ago from TheCheckeredFlag...

Rossi: “The big issue is the tyres”

Movistar Yamaha’s Valentino Rossi completed the first day of practice...
13h ago from MotoGP.com

Redding sets best time on new extra-hard Bridgestone...

Scott Redding clocked his best time in Argentina during the opening day...
13h ago from Crash.net

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...
16h ago from Motorsport.com

IndyCar: Long Beach gallery - Friday

Sights from day 1 IndyCar action at the Toyota Grand Prix of Long Beach....
6h ago from Racer.com

Mann joins Dale Coyne for Indianapolis 500

– Pippa Mann will return to Dale Coyne Racing to compete in this...
1d ago from GPUpdate.net

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...
14h ago from Racer.com

Popular On TotalWRC.com

Rally Argentina: Event timetable

Complete event timetable for Rally Argentina, the fourth round out of 13...
21h 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

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

Arsenal, Manchester United, Liverpool, and Newcastle look set to give up...
6h ago from CaughtOffside.com

Mikel Arteta: I'm desperate to stay at Arsenal and...

GIMME FIVE: Arteta says it will take minutes to sort out his new contract...
6h ago from DailyStar.co.uk

Ramsey: 'Last year's FA Cup trophy win has eased the...

Arsenal midfielder Aaron Ramsey has admitted that the club's triumph in...
6h ago from SportsMole.co.uk

Mikel Arteta confident of new Arsenal deal

Arsenal captain Mikel Arteta has revealed that he is confident of signing...
1h ago from SportsMole.co.uk

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.