Getty Images Enlarge FIA president Jean Todt has branded the cost-cutting plans put forward by Formula One's teams "a joke". Following the F1's Strategy Group's decision to veto the proposed cost cap, Todt asked all the teams to come up with cost-cutting suggestions of their own at a crisis meeting on May 1. Among the measures already put forward for the next three years includes a tyre-warmer ban, the return of active suspension and more standard parts. While the bigger teams are in favour of a slow cut back in spending, Todt is convinced F1 needs to embrace a much larger spending cut to ensure the survival of its smallest teams. "My advice was make a contribution as to...
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