Teams to present cost-cutting plans in June

Teams to present cost-cutting plans in June

23 January 2014 – Formula 1 teams have unanimously agreed that cost reduction and cost control plans will be presented to the World Motor Sport Council (WMSC) in June, before a budget cap is introduced for the 2015 season.

The development was confirmed by the FIA on Thursday afternoon, after the governing body, Formula 1 supremo Bernie Ecclestone and team bosses met in Geneva to discuss the future of the sport.

"The FIA President reaffirmed to members of the WMSC the FIA’s intention to assure a healthy, affordable and spectacular FIA Formula One World Championship for the long-term future," read an FIA statement.

"At a meeting of the F1 Strategy Group yesterday, chaired by the FIA President, and attended by Bernie Ecclestone and the teams, it was unanimously agreed that cost reduction and cost control regulations will be presented to the WMSC in June 2014 for introduction in January 2015."

In addition to progress on the cost-cutting front, a variety of sporting and technical changes have been outlined for the upcoming campaign and beyond, although they have not yet been rubber-stamped by officials.

The absence of the double points idea from the proposed list of changes confirms that it will remain in place.

Amendments to 2014 Sporting Regulations, subject to ratification by the F1 Commission and teams:
• Stewards can impose a five-second time penalty which can be taken before work is carried out in a pit-stop

• Team personnel must also wear helmets during qualifying sessions, as well as the race

• Drivers may not stop their cars on the slowing down lap to save fuel for sampling and subsequent analysis; this will not be considered as a justifiable reason for stopping

• For 2014 only, each team will be allowed six curfew 'jokers', previously there were two permitted. This is to allow more flexibility for working on the new engines and cars

Amendments to 2014 Technical Regulations, subject to ratification by the F1 Commission and teams:
• The weight of the car, without fuel, must not be less than 691kg at all times during the event. The weight limit has increased by 1kg to take into account the difference in weight between the tyres in 2013 and 2014

Amendments to 2015 Sporting Regulations, subject to agreement of the F1 Commission:
• To be considered a constructor, teams will not need to design and manufacture suspension and brake ducts

Amendments to 2015 Technical Regulations, subject to agreement of the F1 Commission:
• The car minimum weight has been increased by 10kg, to 701kg, for 2015

• All tyre heating devices (tyre blankets) will be prohibited in 2015

• For safety reasons, the front part of the chassis cannot climb too steeply rearward of the front of the chassis

related

Comments

Latest News
Full
Compact

  1. Tuesday 28 July 2015

  2. Amberg explains reason behind withdrawals 14:39

    Amberg explains reason behind withdrawals

    Swiss driver Zoël Amberg has explained the medical reasons behind his withdrawal from GP2 rounds in Austria and Hungary and…

    GP2
  3. Marko lauds 'perfect' Verstappen performance 14:06

    Marko lauds 'perfect' Verstappen performance

    Red Bull consultant Helmut Marko hailed Max Verstappen's "perfect" performance during the Hungarian Grand Prix as the Dutch…

    F1
  4. Vandoorne pleased to extend title advantage 11:30

    Vandoorne pleased to extend title advantage

    McLaren protégé Stoffel Vandoorne says he was pleased to extend his GP2 championship advantage in Hungary, despite being…

    GP2
  5. Tost sure fifth position still possible 10:26

    Tost sure fifth position still possible

    Toro Rosso team boss Franz Tost is sure that the outfit can still achieve its target of fifth position in the standings after…

    F1
  6. IndyCar to introduce new rain tyre 09:09

    IndyCar to introduce new rain tyre

    IndyCar has announced that a modified rain tyre will be introduced for this weekend's round at Mid-Ohio following development…

    Indy
  7. Singapore makes changes to circuit layout 08:56

    Singapore makes changes to circuit layout

    Organisers of the Singapore Grand Prix have announced that they will make minor changes to the layout of the Marina Bay Street…

    F1
  8. Hungary result to make Williams 'stronger' 08:41

    Hungary result to make Williams 'stronger'

    Williams performance chief Rob Smedley says that the squad's challenging Hungarian Grand Prix will make it a stronger force over…

    F1
  9. Video of the Day: Haas on Formula 1 entry 05:34

    Video of the Day: Haas on Formula 1 entry

    Haas F1 owner, Gene Haas, discusses how his team is progressing ahead of its planned 2016 entry.

    F1
  10. Monday 27 July 2015

  11. 16:37

    Book F1 tickets and join the action live!

    F1
  12. Arrivabene pleased to prove critics wrong 15:03

    Arrivabene pleased to prove critics wrong

    Ferrari team boss Maurizio Arrivabene says he was pleased to prove doubters wrong as Sebastian Vettel claimed the marque's…

    F1
  13. Wolff: Rushed stop cost Rosberg victory 14:21

    Wolff: Rushed stop cost Rosberg victory

    Mercedes boss Toto Wolff reckons rushing Nico Rosberg's pit-stop under the Virtual Safety Car and putting on the slower tyre…

    F1
  14. Hungarian Grand Prix: Winners and Losers 14:12

    Hungarian Grand Prix: Winners and Losers

    Sebastian Vettel returned Ferrari to the top step, others pulled off surprise results, and some struggled at the Hungarian Grand…

    F1
  15. Teams back Pirelli extension for 2017 12:46

    Teams back Pirelli extension for 2017

    Senior figures from Formula 1 teams have backed the notion of Pirelli extending its tenure as Formula 1's sole tyre supplier for…

    F1
  16. Video: Rosberg's Hungaroring blog 11:32

    Video: Rosberg's Hungaroring blog

    Nico Rosberg reflects on his eighth-place finish at the end of a dramatic Hungarian Grand Prix; the German was running second…

    F1
  17. Maldonado says stewards were 'very strict' 11:22

    Maldonado says stewards were 'very strict'

    Pastor Maldonado believes that the Hungarian Grand Prix stewards were "very strict" as the Lotus driver picked up a number of…

    F1
  18. Forward Racing to miss Indianapolis round 10:49

    Forward Racing to miss Indianapolis round

    Forward Racing has announced that it has taken the "painful decision" to pull out of the upcoming MotoGP round at Indianapolis…

    MotoGP
  19. Renault enjoys return to the sharp end 10:02

    Renault enjoys return to the sharp end

    Renault hailed another step forward as supplied teams Red Bull and Toro Rosso occupied three of the top four positions at the…

    F1
  20. Massa rues pointless Hungary weekend 09:17

    Massa rues pointless Hungary weekend

    Felipe Massa has described Williams' second non-scoring weekend of the 2015 season as "a blow" to the team's championship…

    F1
  21. Hamilton among drivers given penalty points 08:14

    Hamilton among drivers given penalty points

    Lewis Hamilton was among the drivers handed penalty points by the stewards as a result of incidents which took place during…

    F1
  22. Video of the Day: Meet the Nasr family 05:02

    Video of the Day: Meet the Nasr family

    Sauber Formula 1 driver Felipe Nasr introduces his family, which is half Brazilian, half Lebanese.

    F1
  23. 01:12

    Championship standings after Hungary

    F1
  24. Sunday 26 July 2015

  25. 21:15

    Latest F1 photos: Sunday at the Hungaroring

    F1
  26. Booth proud of Manor after tough week 21:14

    Booth proud of Manor after tough week

    John Booth paid tribute to his Manor Marussia squad at the end of a "tough week" for the team, following the death of Jules…

    F1
  27. Räikkönen frustrated to miss out on 1-2 19:02

    Räikkönen frustrated to miss out on 1-2

    Kimi Räikkönen expressed his frustration after Ferrari missed out on a "very easy" 1-2 finish in Sunday's Hungarian Grand…

    F1
  28. Verstappen hails 'unbelievable' result 18:50

    Verstappen hails 'unbelievable' result

    Max Verstappen was initially lost for words after achieving the best result of his Formula 1 career to date at the Hungarian…

    F1
  29. Alonso: Fifth place 'a nice little present' 18:31

    Alonso: Fifth place 'a nice little present'

    Fernando Alonso has described his top five finish at the Hungarian Grand Prix as "a nice little present" for the McLaren-Honda…

    F1
  30. Rosberg says Ricciardo at fault for clash 18:12

    Rosberg says Ricciardo at fault for clash

    Nico Rosberg feels that Daniel Ricciardo was at fault for their collision in the closing stages of Sunday's Hungarian Grand…

    F1
  31. Ricciardo: Podium feels like a victory 17:47

    Ricciardo: Podium feels like a victory

    Daniel Ricciardo says his podium finish at the Hungarian Grand Prix "felt like a victory" after Red Bull's trying start to the…

    F1
  32. Marchionne: Ferrari victory is for Bianchi 17:24

    Marchionne: Ferrari victory is for Bianchi

    Ferrari President Sergio Marchionne has dedicated the squad's victory in the Hungarian Grand Prix to the late Jules…

    F1
  33. Kvyat rewarded after 'never giving up' 16:59

    Kvyat rewarded after 'never giving up'

    Red Bull driver Daniil Kvyat spoke of a "never give up" attitude after recording his maiden podium finish at the Hungarian Grand…

    F1
  34. Hülkenberg had little warning over failure 16:49

    Hülkenberg had little warning over failure

    Nico Hülkenberg said he had little prior warning over the failure of his front wing as he suffered a dramatic exit at the…

    F1
  35. Hamilton laments 'really bad performance' 16:42

    Hamilton laments 'really bad performance'

    World Champion Lewis Hamilton said he put in one of his worst performances in recent years as he slumped to sixth at the…

    F1
  36. Vettel dedicates victory to Bianchi 16:13

    Vettel dedicates victory to Bianchi

    Ferrari's Sebastian Vettel has dedicated his victory at the Hungarian Grand Prix to the late Jules Bianchi, who passed away last…

    F1
  37. 15:07

    In full: Hungarian Grand Prix race result

    F1
  38. Vettel wins dramatic Hungarian Grand Prix 15:05

    Vettel wins dramatic Hungarian Grand Prix

    Ferrari realised its two-win target for 2015 as Sebastian Vettel triumphed in a dramatic Hungarian Grand Prix, with Red Bull's…

    F1
  39. Formula 1 holds minute's silence for Bianchi 12:46

    Formula 1 holds minute's silence for Bianchi

    Formula 1 collectively paid tribute to the late Jules Bianchi by holding a minute's silence ahead of Sunday afternoon's…

    F1
  40. Eriksson penalty hands podium to Parry 12:40

    Eriksson penalty hands podium to Parry

    Jimmy Eriksson has been handed a time penalty for cutting a corner in the second GP3 race, handing his third place finish to…

    GP3
  41. 12:01

    Starting grid for the Hungarian Grand Prix

    F1
  42. 10:30

    Latest GP2 photos: Sunday at Hungaroring

    GP2
  43. Matsushita takes maiden win in ART 1-2 10:28

    Matsushita takes maiden win in ART 1-2

    Nobuharu Matsushita dominated the GP2 Sprint Race at the Hungaroring to take his first win in the category, leading home ART…

    GP2
more news