News Details
Todt says cost saving suggestions by teams are a joke
FIA president Jean Todt has labeled as 'a joke' the initial cost-saving proposals put forward by Formula 1 teams.
The powerful ‘Strategy Group' teams vetoed Todt's plans for mandatory budget caps beginning next year, instead arguing that costs can be alternatively reduced through the sporting and technical regulations.
Todt, however, said whilst attending the weekend's Spanish Grand Prix that the teams' initial proposals were 'ridiculous'.
'We know they have budgets of between 100 and 400 million and the proposal they seem happy with is to reduce by two million,' he said. 'What was proposed was a joke.'
Todt said his aim is to see teams' annual spend reduced in the order of 30 to...
Full Story »
Full Story »
12y ago from GrandPrix247.com
0
You May Also Be Interested In...
Small teams pushing mid-season car development freeze
Formula 1′s smaller teams are pushing a mid-season development...
12y ago from GrandPrix247.com
Todt blasts teams over 'joke' cost cut proposals
FIA president Jean Todt has called the suggestions to reduce spending put...
12y ago from TheF1Times.com
Teams must agree to cost-cutting rules - Todt
May 7, 2014 .- Jean Todt insists his hands are tied after F1's most...
12y ago from F1Plus.com
Cost cut plans from teams 'a joke' – Todt
FIA president Jean Todt has branded cost cutting proposals put forward by...
12y ago from RichlandF1.com
Elsewhere On The Network
Popular On MGPToday.com
Aprilia explains why it has not been in victory fight...
No description available...
6h ago from Motorsport.com
Marc Marquez takes victory in the MotoGP Sprint race...
Ducati’s Marc Marquez secured his third Sprint victory of the 2026...
9h ago from MotorsportWeek.c...
MotoGP Hungarian Grand Prix - Full starting grid
No description available...
5h ago from Motorsport.com
Marc Marquez “stronger than expected” as he...
No description available...
7h ago from Motorsport.com
Popular On IndyCarToday.com
IndyCar at WWT Raceway starting lineup: Alex Palou...
No description available...
1h ago from Motorsport.com
Pato O’Ward tops first IndyCar practice at Gateway
The NTT IndyCar Series held its first practice session of the weekend on...
5h ago from MotorsportWeek.c...
Arrow McLaren appoints Ryan Hunter-Reay as new...
No description available...
7h ago from Motorsport.com
How to watch IndyCar 2026 at WWT Raceway: Weekend...
No description available...
1d ago from Motorsport.com
Popular On TotalWRC.com
Hayden Paddon eyes WRC gravel opportunity with...
No description available...
1d ago from Motorsport.com
Oliver Solberg highlights area he must “work on”...
No description available...
3d ago from Motorsport.com
Hyundai drivers relieved asphalt WRC season is over...
No description available...
3d ago from Motorsport.com
Popular On GunnersToday.com
Arsenal latest: 'Gunners make approach to sign PSG...
No description available...
1h ago from SkySports.com
Mikel Arteta wants 20-goal star, Arsenal target has...
Julian Alvarez has been linked with a move away from Atletico Madrid...
3h ago from CaughtOffside.com
Days after Champions League final, Arsenal make offer...
Arsenal have made an approach for Paris Saint-Germain (PSG) youngster...
7h ago from SportsKeeda.com
From France: Arsenal ready to poach defender from PSG...
Arsenal are reportedly eyeing up a potential transfer raid on their recent...
11h ago from CaughtOffside.com
Comments
Hottest News
F1 Odds: Monaco Grand Prix favourites as Lewis Hamilton...
Lewis Hamilton saw his odds of a first F1 victory... Read More »
1h ago from GPFans.com
Ferrari throw away Monaco Grand Prix win with botched...
If there is one team which knows how to nuke its... Read More »
5h ago from GPFans.com
Ferrari flatter only to deceive when it matters in Monaco...
Ferrari looked set for Monaco Grand Prix pole,... Read More »
1h ago from GrandPrix247.com
