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Renault, Honda fined by FIA for budget cap breaches
Oct.30 Renault-owned Alpine and Honda have escaped with six-figure fines for breaching their respective engine budget caps in 2023. Last month, Formula 1's governing body revealed that both engine manufacturers had committed 'procedural breaches' of the new-in-2023 budget caps applying to Renault, Honda, Ferrari and Mercedes. The FIA said neither Alpine or Honda 'exceeded the cost cap level', and in fact 'acted at all times in good faith' amid the 'complexities' of the new financial rules. Now, the Paris-based federation says it has entered 'accepted breach agreements' with Honda and Renault respectively. Red Bull engine supplier Honda's fine is the highest – $600,000 plus...
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