News Details
Wolff ‘fought hard' in F1 budget cap meeting
Jul.9 Toto Wolff admits he 'fought hard' during Friday's meeting of the F1 Commission in Austria. Top of the agenda was the budget cap, with smaller teams arguing on one hand for no changes to the $140 million limit while top teams insist that raging inflation demands an increase. Ultimately, the FIA agreed that there is a 'risk of non-compliance if actions are not taken', and therefore the cap has been increased by 3.1 percent – about $4.5 million. 'It is not so easy to explain all the nuances, so I'll just say that the increase that was agreed today only partially compensates for inflation and does not include an increase for logistics,' said Mercedes boss Toto Wolff. Williams...
Full Story »
Full Story »
3y ago from OneStopStrategy.com
0
You May Also Be Interested In...
Formula 1 approves minor increase on budget cap
Formula 1 approved a small increase to its $140-Million per team annual...
3y ago from GrandPrix247.com
F1 makes decision on calls for budget cap increase
A meeting of the F1 Commission has resulted in a decision being made...
3y ago from PlanetF1.com
F1 tweaks budget cap to reflect inflation
Formula One approved a small increase to its $140 million per team annual...
3y ago from espnF1.com
Budget cap increased, technical directive on...
On Friday morning in Austria, the FIA and Formula One teams met to...
3y ago from GPBlog.com
Elsewhere On The Network
Popular On MGPToday.com
MotoGP riders have their say on controversial Marc...
No description available...
2h ago from Motorsport.com
Pedro Acosta "didn't expect" sprint penalty...
No description available...
3h ago from Motorsport.com
Pedro Acosta takes dramatic Thai MotoGP Sprint victory...
KTM rider Pedro Acosta clinched his first victory in MotoGP following a...
5h ago from MotorsportWeek.c...
Marc Marquez hits out at timing of controversial Thai...
No description available...
3h ago from Motorsport.com
Popular On IndyCarToday.com
Palou and Ganassi reach settlement with McLaren
Alex Palou and Chip Ganassi have reached a settlement with McLaren over...
1h ago from MotorsportWeek.c...
Scott Dixon crashes hard in opening practice for Grand...
No description available...
17h ago from Motorsport.com
Scott McLaughlin hustles to the top in opening IndyCar...
The NTT IndyCar Series returned to action Friday afternoon, completing...
17h ago from MotorsportWeek.c...
Pato O'Ward: "I'm tired of IndyCar being like the...
No description available...
20h ago from Motorsport.com
Popular On TotalWRC.com
Why Esapekka Lappi was so happy at WRC Rally Sweden
No description available...
2d ago from Motorsport.com
Acropolis Rally's Thursday parc ferme will be on a boat
No description available...
3d ago from Motorsport.com
Hyundai “realistic and optimistic” in mission to...
No description available...
1w ago from Motorsport.com
Popular On GunnersToday.com
Talks held: Barcelona working on signing 45m Arsenal...
Barcelona are reportedly already in talks with intermediaries over a...
32m ago from CaughtOffside.com
'More difficult than the Champions League' - Chelsea...
Chelsea midfielder Andre Santos has said that the Premier League is even...
3h ago from SportsKeeda.com
£90m-rated Arsenal transfer target sends private...
Newcastle United midfielder Sandro Tonali has reportedly given the club...
4h ago from CaughtOffside.com
Arsenal vs Chelsea Prediction and Betting Tips | 1st...
The Premier League is back in action with another massive clash between...
3h ago from SportsKeeda.com
Comments
Hottest News
Mercedes impacted as FIA confirm update engine compression...
The FIA has confirmed changes to the F1 engine... Read More »
3h ago from MotorsportWeek.com
F1: FIA confirms change to compression ratio regulations
The FIA has confirmed that all five engine... Read More »
3h ago from Pitpass.com
Engine saga over? FIA closes controversial Mercedes loophole
Formula 1’s simmering engine row has finally... Read More »
42m ago from F1i.com
