News Details

FIA to meet teams over cost cutting

FIA President Jean Todt will meet with the teams next month to discuss ways to curb the rising costs of competing in F1. Last week it emerged that the FIA's proposed budget cap for 2015 would not go ahead as the Strategy Group had opposed it. The Group - made up of Red Bull, Ferrari, Mercedes, Williams, McLaren, and Lotus - reportedly wrote to Todt informing him that they would not back the plan. The FIA, though, is adamant that something needs to be done and as such will meet with the teams and Bernie Ecclestone to discuss a way forward. "The FIA, the Commercial Rights Holder (CRH), and all the F1 Teams have recently confirmed their commitment to work on cost reduction," read an...
Full Story »
2y ago from PlanetF1.com 0
Share

You May Also Be Interested In...

FIA and teams to meet over cost reductions

– Formula 1 teams will meet with the FIA next month to discuss ways...
2y ago from GPUpdate.net

FIA summons F1 teams to cost cutting meeting

The FIA has called an urgent meeting to discuss ways to reduce costs in...
2y ago from TheF1Times.com

FIA calls Formula 1 teams to meeting on costs

Sahara Force India Formula 1 teams have been called to an urgent meeting...
2y ago from F1Zone.net

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

Cost reduction through rules sought as F1 cost cap unlikely to happen 7...
2y ago from GrandPrix247.com

Elsewhere On The Network

Popular On MGPToday.com

MotoGP: Honda rumoured to be experimenting with big...

While most of the MotoGP paddock headed home to take a few days’...
13h ago from MotorcycleNews.c...

Lorenzo could be in trouble - Crutchlow

Cal Crutchlow believes that Jorge Lorenzo is showing signs of being...
21h ago from SuperSport.com

Analysis: Why Honda's rise should make Yamaha worried

With Marc Marquez now on the brink of a third MotoGP title, Yamaha must...
17h ago from Motorsport.com

Crutchlow: Ducati needs Marquez, not Lorenzo, to be...

Former Ducati factory rider Cal Crutchlow says the Italian marque should...
1d ago from Motorsport.com

Popular On IndyCarToday.com

Ed Carpenter Racing Confirms Newgarden's Departure

Josef Newgarden's future took a step toward confirmation on Thursday when...

De Silvestro: Single-seat sponsor search...

Simona de Silvestro says the lure of a three-year deal is what led to her...
3h ago from Motorsport.com

Power lauds Pagenaud as ‘deserving champion’

Toowoomba IndyCar star Will Power says he is happy to see his Team Penske...
5h ago from SpeedCafe.com

Honda's 2017 IndyCar team lineup still not finalized

Honda Performance Development president Art St. Cyr has admitted the...
10h ago from Motorsport.com

Popular On TotalWRC.com

Mikkelsen happy with Polo R setup in Tour de Corse...

Andreas Mikkelsen was happy with the setup of his Volkswagen Polo R WRC...

Toyota partners with Microsoft for 2017 WRC return

Toyota has announced a technology partnership with Microsoft for 2017, the...
14h ago from Motorsport.com

World RX travels to RIGA for inaugural Latvian race

A total of 49 600bhp Supercars will compete in Riga as part of the World...
9h ago from Motorsport.com

Camilli aiming for a strong result in Corsica

Eric Camilli is aiming for a strong result on his ‘home’ rally at the...

Popular On GunnersToday.com

Arsene Wenger should be given three more years in...

Arsene Wenger should be given three more years in charge of Arsenal......
4h ago from DailyMail.co.uk

Holding and Chambers make England U21 squad

Calum Chambers, currently on loan at Middlesbrough, and Rob Holding have...
13h ago from News.ArseBlog.com

Arsenal defender Laurent Koscielny gives his opinion...

Koscielny and Mustafi have played five games together this season so far...
13h ago from Express.co.uk

Ian Wright: This is how long Arsene Wenger should stay...

The Frenchman is celebrating 20 years in charge of the Gunners. Although...
31m ago from Express.co.uk

Comments

Hottest News

First practice red flagged after Magnussen fire

Friday's first practice session for the Malaysian... Read More »
51m ago from GPUpdate.net

Malaysia GP Practice LIVE!

Follow the action as Lewis Hamilton and Nico... Read More »
1h ago from SkySports.com

Sepang paddock struck with Silly Season fever

With Renault, Williams and (apparently) Force... Read More »
17h ago from GrandPrix247.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.