News Details
F1 delays 'crucial' budget cap decision - Todt
Apr.14 F1 has delayed making a decision about how to proceed with further cost cutting measures amid the coronavirus crisis. With several teams - now including Renault - having furloughed staff, a debate is raging about how severely to further reduce the planned 2021 budget cap from $175 million. "On Thursday we had a meeting with just the big teams," FIA president Jean Todt told Auto Motor und Sport. "The crucial meeting was supposed to take place on Friday, but we have postponed it until next week. It's better to wait a week longer and get a better result." It is believed that while Mercedes is open to reducing the cap below $150 million, Red Bull and Ferrari are...
Full Story »
Full Story »
6y ago from OneStopStrategy.com
0
You May Also Be Interested In...
Formula E introduced cost-saving measures
The fully-electric single-seater championship, the Formula E series has...
6y ago from F1Technical.net
Haas has placed its UK staff into furlough
The Haas F1 team also announced cost-cutting measures by placing the...
6y ago from F1Technical.net
Zak Brown calls for lowering the cost cap
McLaren CEO Zak Brown sees the current crisis caused by the coronavirus...
6y ago from F1Technical.net
Formula E delays launch of Gen2 EVO car to 2021/22
Formula E has delayed the introduction of its Gen2 EVO car as part of its...
6y ago from F1i.com
Elsewhere On The Network
Popular On MGPToday.com
Cal Crutchlow to ride through shoulder injury in...
No description available...
58m ago from Motorsport.com
How Iker Lecuona got “surprise” call-up for...
No description available...
1h ago from Motorsport.com
Francesco Bagnaia links lack of Balaton Park safety...
No description available...
3h ago from Motorsport.com
Popular On IndyCarToday.com
IOB’s Raj Nair was “hoping” Kevin ‘Rocket’...
No description available...
1h ago from Motorsport.com
Christian Rasmussen signs multi-year contract...
No description available...
2h ago from Motorsport.com
ECR extends IndyCar contract with Christian Rasmussen
Ed Carpenter Racing has announced a contract extension for Christian...
2h ago from MotorsportWeek.c...
Longtime IndyCar Technical Director Kevin Blanch...
Veteran technical director of IndyCar Officiating Kevin Blanch is...
3h ago from MotorsportWeek.c...
Popular On TotalWRC.com
Oliver Solberg highlights area he must “work on”...
No description available...
1d ago from Motorsport.com
Hyundai drivers relieved asphalt WRC season is over...
No description available...
1d ago from Motorsport.com
Why Sebastien Ogier couldn’t take the fight to Elfyn...
No description available...
4d ago from Motorsport.com
Popular On GunnersToday.com
Arsenal ‘advancing in talks' to land...
Jeremy Monga has been linked with a move away from Leicester City during...
1h ago from CaughtOffside.com
Episode 878 – Keep the good times going
Welcome to another episode of the Arsecast – the Arsenal podcast. In...
1h ago from Arseblog.com
Arsenal or Chelsea? Morgan Rogers has made up his mind...
Morgan Rogers reportedly has Arsenal as his preferred destination if he...
4h ago from CaughtOffside.com
Fabrizio Romano provides update on 'movements' as...
Transfer news expert Fabrizio Romano admits movements are expected soon on...
6h ago from CaughtOffside.com
Comments
Hottest News
Mercedes reveal crazy new Monaco rear wing
Mercedes are among the teams to get innovative... Read More »
3h ago from RacingNews365.com
F1 is booming but salaries are being squeezed and 'people...
F1 may be past the initial popularity boom... Read More »
1h ago from GPFans.com
F1: Ben Sulyem 'committed' to bringing back V8s
FIA president, Mohammed ben Sulayem, has... Read More »
1h ago from Pitpass.com
