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Aston Martin fined by FIA for cost cap procedural breach
Aston Martin has been fined $450,000 by the FIA for a procedural breach of Formula 1's 2021 cost cap regulations. The Silverstone-based outfit was singled out - along with Red Bull racing - for its administrative transgression following the FIA's comprehensive audit of all the F1 teams' financial accounts that was concluded in March of this year. Unlike Red Bull, it was found that Aston Martin's spending last season did not exceed F1's mandatory $145 million budget cap. However, a procedural breach was identified. This was not contested by Aston Martin which entered into an Accepted Breach Agreement to permanently settle the matter. Read also: FIA hits Red Bull with $7M fine for 2021 cost...
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