News Details

The end for struggling teams?

F1's last chance to slash costs for struggling teams has now passed. 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. Engine use has been reduced by one 'power unit' per driver to just...
Full Story »
3mo ago from GrandPrix.com 0
Share

You May Also Be Interested In...

Is this the end for cash strapped F1 teams?

Formula 1 is very expensive Formula 1′s last chance to slash costs...
3mo ago from GrandPrix247.com

Ecclestone happy if struggling teams collapse

Bernie Ecclestone has issued a stinging warning to struggling F1 teams....
3mo ago from GrandPrix.com

Not enough done on reducing costs – Kaltenborn

Sauber team-principal Monisha Kaltenborn hit out at attempts made so far...
4mo ago from RichlandF1.com

Todt: 'It may be that some teams don't survive '

FIA president Jean Todt has admitted the recent excercise in cost-cutting...
4mo ago from TheF1Times.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.