Sauber: Urgent need for F1 cost-cutting
12 September 2012 – Sauber are the latest team to stress that Formula 1 must lower its running costs as soon as possible. Last week, FIA President Jean Todt emphasised that the sport could lose some of its smaller teams should the budgetary concerns not be addressed swiftly.
After Max Mosley’s idea of a budget cap fell through when several manufacturers conspired against it in 2009, the teams’ spending is now dictated by the Resource Restriction Agreement (RRA), however this policy has been critisised on numerous occasions. F1 governing body the FIA is attempting to police the RRA for future years, but Red Bull are against the idea.
“There is an urgent need for action on this issue,” Monisha Kaltenborn, CEO and future Team Principal of Sauber, says on Wednesday. “For the majority of the teams in Formula 1 the financial challenges are huge. The Sauber F1 Team is very much in favour of introducing measures to push down costs further still.
“First and foremost, we hope that the Resource Restriction Agreement will be implemented and monitored effectively from 2013 onwards. It is also important that engine costs from 2014 are kept at a sensible level for the privately-run teams.
“A constructive move here would be to draw up a roadmap setting out the direction of technical development over a period of several years. That would make planning easier and reduce costs substantially.”
The RRA will remain a hot topic between teams on the run-up to 2013.