Sauber pushing for F1 cost reduction
16 December 2012 – Formula One veteran Peter Sauber singled out a cost reduction for teams as the sport’s main challenge in the current era. Sauber, who relinquished the role of team principal in favour of Monisha Kaltenborn earlier in the season, suggested the solution to the current situation is to resume talks on budget cap.
“The progress has been slower than slow,” said the Swiss, who first entered the Championship in the 1993 season. “Formula One is too expensive today, that’s the important fact. That’s not only for Sauber, it’s also for some of the big teams and I hope they realise that they have to do something.”
“That is the right way we should be going,” confirmed Kaltenborn, who took the team's reins after the Japanese Grand Prix. “We should eventually reach the point where we have a budget cap.”