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 »
4y 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...
4y ago from F1Technical.net
Haas has placed its UK staff into furlough
The Haas F1 team also announced cost-cutting measures by placing the...
4y ago from F1Technical.net
Zak Brown calls for lowering the cost cap
McLaren CEO Zak Brown sees the current crisis caused by the coronavirus...
4y 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...
4y ago from F1i.com
Elsewhere On The Network
Popular On MGPToday.com
MotoGP confirms date of Balaton Park homologation...
MotoGP has confirmed that the homologation approval for the Balaton Park...
10h ago from MotorsportWeek.c...
What Trackhouse saw in Ogura that made him a surprise...
No description available...
2d ago from Motorsport.com
KTM compares Pedro Acosta's MotoGP approach to...
KTM Motorsport Director Pit Beirer compared Pedro Acosta's approach to...
2d ago from MotorsportWeek.c...
Three Ducati riders rode with ‘updated’ 2025...
A spokesperson for Ducati has revealed three of its riders raced at the...
4d ago from MotorsportWeek.c...
Popular On IndyCarToday.com
Bumping confirmed for Indy 500 as Takuma Sato becomes...
No description available...
1d ago from Motorsport.com
How VeeKay went from an unexpected ECR exit to...
No description available...
1d ago from Motorsport.com
Takuma Sato to contest 16th Indy 500 with RLL
Rahal Letterman Lanigan Racing has announced that Takuma Sato will...
1d ago from MotorsportWeek.c...
FOX working to bring Kentucky Derby-style betting to...
This past weekend FOX produced its first IndyCar broadcast of a new...
5d ago from MotorsportWeek.c...
Popular On TotalWRC.com
FIA steps in after WRC fuel supplier goes into...
No description available...
2d ago from Motorsport.com
Meet Claire Schonborn, the engineer turned WRC...
No description available...
4d ago from Motorsport.com
Popular On GunnersToday.com
‘Brilliant' – Sky pundit singles out...
Raheem Sterling showcased his class in the Champions League round of 16 as...
54m ago from CaughtOffside.com
‘Concrete' – Sky Sports reporter provides...
Arsenal have Alexander Isak in their sights ahead of the summer transfer...
1h ago from CaughtOffside.com
'He could go in there' - Arsenal icon believes Ethan...
No description available...
2h ago from SportsKeeda.com
'This is going to be a grim watch', 'Funniest front 3...
No description available...
2h ago from SportsKeeda.com
Comments
Hottest News
EXCLUSIVE: Lewis Hamilton absence poses concerning F1 issue
A major issue has been discussed surrounding... Read More »
3h ago from GPFans.com
FIA ban verdict reached for Australian Grand Prix
An FIA verdict has been revealed ahead of the... Read More »
5h ago from GPFans.com
Daniel Ricciardo back in business as Australian GP hits...
Axed Formula 1 star Daniel Ricciardo has made a... Read More »
1h ago from GPFans.com
