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Formula 1 set for cost-cutting showdown on 1 May
Formula 1 set for cost-cutting showdown on 1 May 20 April, 2014 Formula 1 will move to put cost-cutting efforts back on the agenda during a 1 May meeting.
Earlier, it was reported FIA president Jean Todt was considering new measures including reviving ‘active suspension', after the new top team-dominated Strategy Group blocked his move to impose budget caps in 2015.
A meeting for 1 May has now been called.
'Time is running out,' Monisha Kaltenborn, whose Sauber team ran into high-profile financial strife last year, is quoted by the German news agency DPA.
'Actually, the time for this decision is long gone, but it's never too late,' the Swiss team's boss added.
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12y ago from GrandPrix247.com
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