News Details

FIA feels vindicated by F1 cost crisis

Sutton Images Enlarge The FIA says the recent plight of Caterham and Marussia vindicates its push to introduce a budget cap earlier this season. F1 is down to an 18-car grid - the first time since 2005 - for this weekend's United States Grand Prix in Austin after Caterham and Marussia fell into administration in the space of five days. Earlier this year FIA president Jean Todt was forced to abandon a proposed budget cap for 2015 due to opposition from the top teams in F1's Strategy Group, a decision which angered the sport's smallest outfits. On Thursday the FIA released a statement saying it plans to continue working towards the goal of cutting costs in the sport. "Looking beyond...
Full Story »
10y ago from espnF1.com 0
Share

You May Also Be Interested In...

Kobayashi feels 'very sorry' for F1 fans

– Kamui Kobayashi says he feels "very sorry" for Formula...
10y ago from GPUpdate.net

Marussia and Caterham set to miss Austin roundMarussia...

Max Chilton (GBR) Marussia F1 Team MR03. Formula One World Championship,...
10y ago from Formula1.com

Marussia to join Caterham in administration – report

Marussia to join Caterham in administration – reportPosted On 26...
10y ago from ThisIsF1.com

F1 budgets: Who's spending the most per point?

With the current cost crisis sweeping its way through the sport -...
10y ago from TheF1Times.com

Elsewhere On The Network

Popular On MGPToday.com

Popular On IndyCarToday.com

Louis Foster gains new sponsor for rest of IndyCar...

Rahal Letterman Lanigan Racing rookie Louis Foster will sport a new look...

Santino Ferrucci issued post-race penalty but keeps...

The NTT IndyCar Series has issued a penalty to the #14 entry of Santino...

Louis Foster reveals likely cause of scary 180MPH...

On lap 84 of Sunday’s Detroit Grand Prix, Louis Foster was involved in...

Popular On TotalWRC.com

Popular On GunnersToday.com

Talks held: Club working to keep 80m star as Arsenal's...

Arsenal have identified Juventus left winger Kenan Yildiz as an ideal...
20m ago from CaughtOffside.com

Mikel Arteta keeping his options open as Arsenal...

Arsenal are gearing up their summer recruitment drive by prioritising RB...
3h ago from CaughtOffside.com

Fabrizio Romano reveals Man Utd & Arsenal pursuit...

Manchester United and Arsenal are reportedly both still in the mix for the...
2h ago from CaughtOffside.com

Arsenal set to battle Tottenham in race to sign...

As per TBR Football, Arsenal are set to rival Tottenham Hotspur in the...
20m ago from SportsKeeda.com

Comments

Hottest News

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.