News Details

Formula 1 cost cap plan scrapped, but was it ever on?

Plans for Formula 1 to introduce a cost cap from 2015 onwards have been abandoned, according to FIA president Jean Todt. The sport's governing body announced last December that it intended to introduce cost-cutting measures for next season. An agreement was scheduled for June 2014 but Todt – who attended his first F1 race of the year in Bahrain – has now confirmed that the six team representatives on the F1 Strategy Group (Red Bull, Mercedes, Ferrari, Lotus, McLaren and Williams) are now against the plan. 'Most of the teams were in favour of the cost cap, but I understand that all the teams that are part of the Strategy Group are against it now,' he told reporters at the...
Full Story »
3y ago from RichlandF1.com 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

FIA to abandon cost cap plans - Todt

Mercedes AMG Petronas The FIA has abandoned plans to introduce a cost cap...
3y ago from F1Zone.net

Todt gives mandate for working group to study F1 sound...

Jean Todt Formula 1 will push ahead with attempting to make the sport's...
3y ago from GrandPrix247.com

Silverstone happy with the less noisy new Formula 1

Silverstone happy with the less noisy new Formula 1 5 April, 2014...
3y ago from GrandPrix247.com

Elsewhere On The Network

Popular On MGPToday.com

Michelin ‘have clear direction’ for rest of MotoGP...

A stiffer carcass front tyre means Michelin now know where they are headed...
4h ago from BikeSportNews.com

Miller fit for MotoGP Mugello after Le Mans battering

Miller took a pasting at Le Mans but after some intensive physio, he is...
2h ago from BikeSportNews.com

Hayden's funeral to take place on Monday

– Nicky Hayden's funeral will be held in his home town of...
3d ago from GPUpdate.net

Rossi taken to hospital after motocross crash

Rossi crashed while training on his motocrosser and was taken to Rimini...
4d ago from BikeSportNews.com

Popular On IndyCarToday.com

Popular On TotalWRC.com

Kennard hands over to Marshall

Kennard hands over to Marshall Hayden Paddon will continue with his new...
1h ago from WRC.com

Sainz rolls back the years

Sainz rolls back the years Rallying legend Carlos Sainz turned back the...
3d ago from WRC.com

Østberg tops Fafe jumpers

Østberg tops Fafe jumpers High-flying Mads Østberg was king of the...
2d ago from WRC.com

Carlos Sainz drives Rally Portugal's Fafe stage with...

Two-time World Rally Champion Spaniard back at the wheel of a rally car on...

Popular On GunnersToday.com

Why has Thomas Tuchel left Borussia Dortmund? Is he...

GETTY Thomas Tuchel has left Borussia Dortmund, the club have confirmed...
1h ago from Express.co.uk

Arsene Wenger agrees two-year Arsenal deal: Club...

GETTY Arsene Wenger has reportedly agreed a new two-year deal with...
2h ago from Express.co.uk

World Fame 100: Arsenal's Sanchez, Ozil, Walcott make...

We asked Ben Alamar, N's director of sports analytics, to figure out the...
1h ago from ESPNFC.co.uk

Comments

Hottest News

Palmer’s F1 future is not secure – Renault

Cyril Abiteboul has admitted Jolyon Palmer's F1... Read More »
3h ago from ThisIsF1.com

Ferrari goes aggressive in Canada tyre choice

Only McLaren is taking more ultrasoft tyres than... Read More »
3h ago from Pitpass.com

Alonso's $305k payday

Despite failing to finish Sunday's Indy 500,... Read More »
5h ago from Pitpass.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.