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FIA clears all teams as budget cap rumours collapse
Oct.29 The FIA has officially closed its 2024 cost cap review – confirming that all ten Formula 1 teams stayed within the financial limit, ending intense speculation about alleged overspending by McLaren and Mercedes. In a lengthy statement, the governing body said the review was 'a very thorough and intensive process spanning seven months' and involved 'complex technical assessments' across both team and power unit operations. Ultimately, only Aston Martin was found to have committed a minor procedural breach, after missing a signed document deadline due to 'exceptional and unpredictable circumstances.' The FIA acknowledged that the team acted 'cooperatively and in good faith...
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