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 »
Share

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

Popular On IndyCarToday.com

Andretti confirmed to field just three cars for Indy...

Andretti Global has confirmed that the team will only run three cars in...

Toby Sowery joins AJ Foyt Racing in IndyCar reserve...

AJ Foyt Racing has appointed Toby Sowery as the team’s reserve driver...

Feature: RLL’s split fortunes in Barber highlight...

At the most recent IndyCar race from Barber Motorsports Park, Graham...

Popular On TotalWRC.com

Oliver Solberg out of Croatia Rally (for now)

Friday: Oliver Solberg crashed out of Rally Croatia about four km into...

Elfyn Evans out of Croatia – SS3

Croatia’s Friday stages were all new. With a 16 second lead going into...

Popular On GunnersToday.com

Bournemouth blow title race wide open with victory at...

Bournemouth blew the Premier League title race wide open as they beat a...
32m ago from SkySports.com

'Arteta has fully lost the plot', 'I am scared' -...

Arsenal fans are not confident about winning against AFC Bournemouth in...
2h ago from SportsKeeda.com

Arsenal v Bournemouth: Premier League – live

️ Premier League news from the 12.30pm BST kick-off<br>⚽️...
3h ago from TheGuardian.com

Arsenal vs Bournemouth team news LIVE!

No description available...
3h ago from SkySports.com

Comments

Hottest News

Recent News


2014 GPToday.com
GPToday.com is not responsible for the news headlines and associated descriptions and images it indexes, the content of externally linked sites or the comments & postings of its users.

This website is unofficial and is not associated in any way with the Formula One group of companies. F1, FORMULA ONE, FORMULA 1, FIA FORMULA ONE WORLD CHAMPIONSHIP, GRAND PRIX and related marks are trade marks of Formula One Licensing B.V.