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
Winners and losers from MotoGP's Czech Grand Prix
No description available...
1h ago from Motorsport.com
Luca Marini gets new Honda MotoGP deal for 2026
No description available...
3h ago from Motorsport.com
Marc Marquez likens his 2025 MotoGP form to 2019 and...
Marc Marquez has likened his 2025 MotoGP form to the peak performances...
3h ago from MotorsportWeek.c...
Brake problems again behind lack of pace for Francesco...
No description available...
19h ago from Motorsport.com
Popular On IndyCarToday.com
The Winners and Losers of IndyCar’s 2025 Indy Toronto
No description available...
4h ago from Motorsport.com
IndyCar Toronto – Race Results
IndyCar completed its sole visit across the border this weekend, with a...
17h ago from MotorsportWeek.c...
Pato O’Ward, Arrow McLaren score strategic win in...
No description available...
17h ago from Motorsport.com
Kyffin Simpson rides two-stop strategy to breakthrough...
No description available...
15h ago from Motorsport.com
Popular On TotalWRC.com
How WRC rivals reacted to Oliver Solberg's first...
No description available...
6h ago from Motorsport.com
How the WRC service park reacted to Oliver Solberg's...
No description available...
19h ago from Motorsport.com
Oliver Solberg stuns with maiden WRC victory in Estonia
Oliver Solberg and Elliot Edmondson stunned the WRC elite with a...
1d ago from MotorsportWeek.c...
Oliver Solberg: WRC Rally Estonia win "biggest...
No description available...
20h ago from Motorsport.com
Popular On GunnersToday.com
Mosquera deal edges near as Arsenal still chase striker
The summer transfer window is in full flow and we are now nigh on a full...
52m ago from FreshArsenal.com
Real Madrid Transfer News Roundup: Los Blancos eyeing...
Real Madrid failed to win the league and the Champions League last season....
1h ago from SportsKeeda.com
Arsenal forced to reschedule first pre-season training...
Premier League giants Arsenal have been forced to reschedule their first...
1h ago from SportsKeeda.com
Supersonic approach from Man United to ruin rival...
Manchester United have now entered the race to sign the Sporting CP...
3h ago from CaughtOffside.com
Comments
Hottest News
Fans demand arrest after racecar weaponised in revenge crash
A reckless moment of madness occurred in the MARS... Read More »
51m ago from RacingNews365.com
Honda 2026 engine fitting ‘hand in glove’ with Aston...
Aston Martin team boss Andy Cowell has confirmed... Read More »
1h ago from F1i.com
Cadillac F1 boss reveals driver attitude pushing him away...
Cadillac F1 team principal Graeme Lowdon has... Read More »
4h ago from GPFans.com
