FIA president Jean Todt says a budget-cap on its own would likely fail to lower the cost of F1, insisting policing and regulations are also necessary. As Formula 1's owners consider the introduction of a budget-cap in the near future to help teams reduce their costs of going racing, Todt favors the move, but says it must be supported by additional measures or run the risk of failing. "We have been talking about cost control/cost cap for a while," said the president of F1's governing body. "I believe it is a good move, but for me it has to be a combination. We need to make regulations which will have some impact on the actual costs. "To simply say we are going make a...
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