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FIA and teams to meet over cost reductions

– Formula 1 teams will meet with the FIA next month to discuss ways in which costs can be reduced for the sport's competitors. FIA President Jean Todt announced last weekend in Bahrain that plans to introduce a cost cap for teams from 2015 had been abandoned but the sport's governing body remains eager to bring costs under control. At a meeting of the World Motor Sport Council in Morocco, it was agreed that Formula 1's 11 teams would meet with Todt and Formula 1 supremo Bernie Ecclestone in order to discuss financial regulation. There remains the hope that 'substantial' cost reductions will be agreed at the meeting next month, which would then be swiftly ratified by Formula 1's...
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