Formula 1 is very expensive
Formula 1′s last chance to slash costs for struggling teams has now passed as the FIA's World Motor Sport Council met in Munich on Thursday, less than a mere handful of days before the end-of-June deadline for rule changes to be made for 2015 without the near-impossible need for unanimity.
With the budget cap proposal already dead in the water, many struggling teams had hoped meaningful cost reductions would be agreed before the final deadline.
But the new and powerful ‘Strategy Group' – dominated by the most competitive and richest teams – has ceded only a handful of minor measures. They were rubber-stamped by the FIA on Thursday.
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