News Details
Two parts to 2020's component freeze
Formula 1 will be freezing parts in two batches this season, those at the start of the championship and a second batch at the end of September. With the start of the Formula 1 season delayed when the Australian Grand Prix was cancelled, the sport went on an extended hiatus. That cost the teams an estimated $2 million per race missed. Many of the UK based teams put staff on furlough, reduced drivers' salaries and some, such as McLaren, announced redundancies. Since then McLaren has revealed it is looking to sell a stake in its F1 team to find money while the Williams F1 team in its entirety is up for sale. With other teams also reportedly in trouble, Formula 1 is taking steps to reduce...
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5y ago from PlanetF1.com
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