News Details
F1 set for cost-cutting summit on 1 May
F1 will move to put cost-cutting efforts back on the agenda during a May 1 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.
F1's smaller teams are angry that their more powerful rivals are thwarting moves...
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12y ago from GrandPrix.com
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