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 »
5y 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...
5y ago from F1Technical.net
Haas has placed its UK staff into furlough
The Haas F1 team also announced cost-cutting measures by placing the...
5y ago from F1Technical.net
Zak Brown calls for lowering the cost cap
McLaren CEO Zak Brown sees the current crisis caused by the coronavirus...
5y 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...
5y ago from F1i.com
Elsewhere On The Network
Popular On MGPToday.com
Here’s what MotoGP riders think about Liberty...
No description available...
1h ago from Motorsport.com
Marc Marquez and Francesco Bagnaia praise MotoGP...
No description available...
5h ago from Motorsport.com
Fabio Quartararo knows he can “fight at the front”...
No description available...
6h ago from Motorsport.com
BMW: Losing Toprak Razgatlioglu to MotoGP feels like...
BMW says losing Toprak Razgatlioglu departure from its WorldSBK team to...
9h ago from MotorsportWeek.c...
Popular On IndyCarToday.com
IndyCar will not return to Thermal Club in 2026...
According to comments made by Thermal Club founder and owner Tim Rogers,...
1h ago from MotorsportWeek.c...
Malukas’ recovery drive secures Foyt’s best team...
During Sunday’s IndyCar race at Road America, David Malukas was the...
1d ago from MotorsportWeek.c...
Winners and Losers from IndyCar’s Road America...
No description available...
3d ago from Motorsport.com
How a “grumpy” Alex Palou ended up thankful for...
No description available...
2d ago from Motorsport.com
Popular On TotalWRC.com
Here's how Hyundai’s driver cooling system will...
No description available...
6h ago from Motorsport.com
How Carlos Sainz Sr's withdrawal will impact the FIA...
No description available...
10h ago from Motorsport.com
Rallies around the world: The ones not to miss – and...
Rallying is unlike any other motorsport. It doesn’t unfold on pristine...
1w ago from MotorsportWeek.c...
Malcolm Wilson appointed as FIA Deputy president for...
No description available...
1w ago from Motorsport.com
Popular On GunnersToday.com
Barcelona Transfer News Roundup: Catalans eyeing...
Barcelona are looking to improve their squad after an impressive 2024-25...
48m ago from SportsKeeda.com
Report: Arsenal keen on 26-year-old Brazilian Berta...
Arsenal are considering a move for the Inter Milan defender Carlos Augusto...
28m ago from CaughtOffside.com
Report: Arsenal now negotiating their second signing...
Arsenal are working on a deal to sign the Chelsea attacker Noni Madueke...
2h ago from CaughtOffside.com
Arsenal add England international linked with...
Arsenal have reportedly added Crystal Palace winger Eberechi Eze to their...
2h ago from SportsKeeda.com
Comments
Hottest News
FIA issue mandatory tyre ruling for all teams at Austrian...
The FIA have confirmed a mandatory tyre change... Read More »
1h ago from GPFans.com
Hamilton welcomes Ferrari floor upgrade but focus is on 2026
As Ferrari rolls out a significant floor upgrade... Read More »
58m ago from F1i.com
Lewis Hamilton reveals Ferrari ‘progress' amid...
Lewis Hamilton has said that Ferrari is... Read More »
2h ago from MotorsportWeek.com
