News Details

F1 to debate cost saving measures on Thursday

Formula 1 chiefs are hopeful that a raft of changes over the next three years will amount to significant cost savings, doing away with the need for a cost cap which isn't favoured by the larger outfits. The smaller teams had hoped the FIA's plan to introduce a budget cap would bring spending under control and create a level-playing field for them to compete on. However it was rejected by the F1 Strategy Group - made up of Ferrari, McLaren, Mercedes, Red Bull, Williams and Lotus as well as FIA president Jean Todt and Bernie Ecclestone. Instead, a three-step process, which will see more standardisation and stricter regulations to simplify components will be adopted, which, it's hoped, will...
Full Story »
5mo ago from TheF1Times.com 0
Share

You May Also Be Interested In...

European Union may investigate Formula 1 business...

European Union may investigate Formula 1 business methods 28 April, 2014...
5mo ago from GrandPrix247.com

Tech Talk: Toro Rosso's sidepod vortex generators

Toro Rosso opted to start the 2014 season with a clean edge to the upper...
5mo ago from TheF1Times.com

Formula 1′s smaller teams want reassurance on...

Formula 1′s smaller teams want reassurance on cost cuts 30 April,...
5mo ago from GrandPrix247.com

Analysis: Active suspension, sparks, and glowing...

Winners medals, shortcuts, sprinklers, reverse grids, aggregate...
5mo ago from RichlandF1.com

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.