News Details

Formula One budget cap off the table

A budget cap for Formula One teams, planned to be introduced by 2015 is now off the table, according to FIA president Jean Todt. He says the FIA will now look at further regulation changes to reduce costs. In December 2013, the World Motorsport Council announced that it approved the principle of a cost cap. A working group, including 6 of the 11 Formula One teams was subsequently established to negotiate the specific details of the cost limit. The working group at the time was said to be targeting a finalization of the regulations by June 2014. Teams part of the strategy group include Ferrari, Red Bull, Mercedes, McLaren, Williams and Lotus. It looked like there was to be an agreement on a...
Full Story »
3y ago from F1Technical.net 0
Share

You May Also Be Interested In...

Cost reduction through rules sought as F1 cost cap...

Cost reduction through rules sought as F1 cost cap unlikely to happen 7...
3y ago from GrandPrix247.com

Todt rules out budget cap in 2015

FIA president Jean Todt has ruled out any chance of a budget cap being...
3y ago from Pitpass.com

Formula 1 heading for 150-million says Todt

Formula 1 heading for 150-million says Todt 4 April, 2014 It appears that...
3y ago from GrandPrix247.com

Symonds: It's costs that are going to kill Formula 1...

Pat Symonds Formula 1 needs to focus on the positives of its new turbo era...
3y ago from GrandPrix247.com

Elsewhere On The Network

Popular On MGPToday.com

Rabat finds his MotoGP mojo – in testing at...

Rabat says he is back to being Moto2 Tito as the Avintia Ducati MotoGP...
3h ago from BikeSportNews.com

Jerez MotoGP test: Thursday times and results

Times and results from Thursday's MotoGP test at Jerez
22h ago from BikeSportNews.com

Jerez MotoGP test: Wednesday times and results

Times and results from Wednesday's MotoGP test at Jerez
1d ago from BikeSportNews.com

NTS: taking on the Moto2 big guns in 2018

NTS is an aerospace and marine engineering company which will move from...
1d ago from BikeSportNews.com

Popular On IndyCarToday.com

Robin Miller's Mailbag for November 22, presented by...

Page 1 of 4 Welcome to the Robin Miller Mailbag as presented by Honda...
2d ago from Racer.com

Patrick to close career with Daytona, Indy in 2018

Danica Patrick broke down in tears as she confirmed 2017 was her last...
6d ago from Racer.com

The Week in IndyCar, Nov. 22, with Michael Shank

Michael Shank joins Marshall Pruett as guest host of the #WeekinIndyCar...
1d ago from Racer.com

Penske inks extension for Pagenaud sponsor DXC...

The black, white, and silver colors of DXC Technology will remain on...
2d ago from Racer.com

Popular On TotalWRC.com

Guanajuato start in Mexico

Guanajuato start in Mexico Next year's Rally Guanajuato Mexico (8-11...
2h ago from WRC.com

Citroen explains why Ogier talks failed

Citroen says it could not match Sebastien Ogier's other offers for the...
2d ago from EuroSport.com

Australia debrief: Part two

Australia debrief: Part two We continue our review of Kennards Hire Rally...
22h ago from WRC.com

Nandan calls for consistency

Mistakes ruined Hyundai’s title challenges
1d ago from WRC.com

Popular On GunnersToday.com

£7.1m Jackpot estimated at Arsenal Lotto

With each lotto line entered at Arsenal Lotto supporting the Arsenal...
3h ago from Arsenal.com

FC Cologne 1-0 Arsenal: In pictures

See the best of the action, captured by our photographers at the...
5h ago from Arsenal.com

Super computer predicts the Premier League fixtures:...

Super computer predicts the Premier League fixtures: Who’s in for a...
5h ago from DailyStar.co.uk

Episode 450 – The teacup of tribalism

Listeners will be glad to hear that there's some, but relatively little,...
7h ago from Arseblog.com

Comments

Hottest News

Hamilton heads Vettel in Abu Dhabi FP2

Four time world champion Lewis Hamilton headed... Read More »
37m ago from F1Hub.net

Second Practice Results – Abu Dhabi Grand Prix

2017 Formula 1 Practice Results: Second Free... Read More »
47m ago from ThisIsF1.com

2018 McLaren F1 car chassis to be ‘100% evolution’

McLaren-Renault 2018 Formula One car will be an... Read More »
7h 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.