News Details
F1 teams get indexed budget cap increase to stem inflation
Formula One Management, the FIA and the sport's teams have agreed on a marginal increase of this year's $140 million budget cap to help stem inflation pressures. This year's cost cap decreased from $145 million in 2021 to $140 million, but rampant inflation, higher energy and freight costs and global supply chain issues have put a significant financial burden on all teams this season. F1's top teams all warned that it would be near impossible for them to not overrun this year's $140 million threshold due to global inflation pressures. Despite F1's smaller outfits operating under the cost cap, the bigger teams urged the FIA to take action, which it has done along with F1 in a meeting on...
Full Story »
Full Story »
You May Also Be Interested In...
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
Inflation won't stop 2022 F1 season – Brown
Jul.1 Zak Brown has slammed warnings that top Formula 1 teams may not be...
3y ago from OneStopStrategy.com
‘It’s not about putting a front wing on':...
Red Bull Racing team principal Christian Horner has continued his request...
3y ago from Formula1News.co.uk
Formula 1 teams to discuss cost cap adjustment in...
Formula 1 teams will discuss a cost cap adjustment, to reflect soaring...
3y ago from GrandPrix247.com
Elsewhere On The Network
Popular On MGPToday.com
KTM’s 850cc engine for 2027 MotoGP season breaks...
No description available...
14h ago from Motorsport.com
Why Jack Miller and Alex Rins see more potential in...
No description available...
1d ago from Motorsport.com
Why Ducati faces its most complicated contract renewal...
No description available...
1d ago from Motorsport.com
Marc Marquez recalls the ‘super difficult...
Marc Marquez discusses his previous MotoGP career decision to depart...
1d ago from MotorsportWeek.c...
Popular On IndyCarToday.com
IndyCar looking to add ‘more events, not just...
IndyCar has identified a need to make sure future races on the calendar...
5h ago from MotorsportWeek.c...
JHR retains Sting Ray Robb for second season
Juncos Hollinger Racing has confirmed that Sting Ray Robb will remain...
3d ago from MotorsportWeek.c...
Sting Ray Robb to continue with Juncos Racing for 2026...
No description available...
3d ago from Motorsport.com
Aggressive testing schedule planned ahead of Mick...
Following confirmation Mick Schumacher will make a switch to IndyCar next...
1w ago from MotorsportWeek.c...
Popular On TotalWRC.com
Hayden Paddon, Esapekka Lappi and Dani Sordo join...
No description available...
16h ago from Motorsport.com
Sports quiz of the week: Premier League goals, Ashes...
No description available...
17h ago from TheGuardian.com
Hyundai World Rally Team reverts to shared third car...
Hyundai Motorsport has announced its full line-up for the 2026 FIA World...
16h ago from MotorsportWeek.c...
Oliver Solberg steps up WRC 2026 preparations with...
No description available...
1d ago from Motorsport.com
Popular On GunnersToday.com
Premier League news: Mejbri banned for spitting;...
No description available...
8h ago from TheGuardian.com
‘We're certainly going to' – Arteta issues...
As the January transfer window approaches, Arsenal manager Mikel Arteta...
12h ago from CaughtOffside.com
Mikel Arteta responds when asked if Arsenal will make...
Arsenal manager Mikel Arteta has admitted that the club will be alert in...
12h ago from SportsKeeda.com
Report: Arsenal eyeing move for Spanish U21...
Arsenal are interested in signing the highly rated Spanish midfielder...
12h ago from CaughtOffside.com
Comments
Hottest News
Maini to drive for Alpine in post-season Abu Dhabi test
Alpine has announced that Formula 2 driver Kush... Read More »
1h ago from F1Technical.net
Iconic F1 team LEAVE sport
For one Formula 1 outfit this weekend at the Abu... Read More »
5h ago from GPFans.com
Oscar Piastri told to ignore McLaren team orders
F1 championship contender Oscar Piastri has been... Read More »
5h ago from GPFans.com
