News Details

F1 set for cost-cutting talks

The F1 teams will meet on Thursday to discuss ways to curb rising costs after the Strategy Group shot down a cost cap. The FIA had intended to introduce a cost cap in a bid to preserve the sport's future and the teams currently competing. However, the proposal was taken off the table when F1's Strategy Group - comprising Red Bull, Ferrari, McLaren, Mercedes, Lotus and Williams - said no. F1's smaller teams were angered by that decision and reportedly wrote to FIA president Jean Todt, voicing their complaints and concerns leading to Thursday's meeting. One person who is hoping the teams can find a way forward is Marussia's sporting director Graeme Lowdon, who fears for the sport's future....
Full Story »
2mo ago from PlanetF1.com 0
Share

You May Also Be Interested In...

F1 to debate cost saving measures on Thursday

Formula 1 chiefs are hopeful that a raft of changes over the next three...
2mo ago from TheF1Times.com

Marussia: Cut costs or fail

Marussia sporting director Graeme Lowdon says F1 needs to adopt some sort...
3mo ago from PlanetF1.com

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

Formula 1′s smaller teams want reassurance on cost cuts 30 April,...
2mo ago from GrandPrix247.com

Cost-cutting on the agenda again

Several of the smaller teams in Formula One want the FIA to produce...
2mo ago from PlanetF1.com

Comments

comments powered by Disqus

Hottest News

Angry Horner turns on media

An angry Christian Horner turned on the media for... Read More »
8h ago from SkySports.com

Red Bull team boss loses patience with human rights...

Red Bull team chief Christian Horner took an... Read More »
3h ago from ThisIsF1.com

Wife selling Schumacher’s private jet

Michael Schumacher's wife is selling the private... Read More »
18h ago from ThisIsF1.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.