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. Friday 6 March 2015

  2. 16:58

    Photos: Caterham's Formula 1 journey

    F1
  3. Feature: Bidding farewell to Caterham 16:57

    Feature: Bidding farewell to Caterham

    Formula 1 lined up with 11 teams in 2014, but this year will see only 10 enter the championship. GPUpdate.net reflects on...

    F1
  4. Vișoiu graduates to GP2 with Rapax 15:38

    Vișoiu graduates to GP2 with Rapax

    Robert Vișoiu will make the step up to GP2 with Rapax in 2015, completing the team's line-up. The Romanian, 19, has spent...

    GP2
  5. 14:19

    Photos: Formula 1's new Safety, Medical cars

    F1
  6. Formula 1 gets new Safety Car for 2015 14:18

    Formula 1 gets new Safety Car for 2015

    Formula 1 will have new Safety and Medical cars for the 2015 season, in the form of the Mercedes-AMG GT S and Mercedes-AMG C...

    F1
  7. FIA considers new Formula 1 teams tender 13:01

    FIA considers new Formula 1 teams tender

    FIA President Jean Todt has suggested that the governing body could look at opening a tender for new Formula 1 teams in the...

    F1
  8. 11:53

    Photos: Melbourne gets ready for Formula 1

    F1
  9. Overview: Statistics from pre-season testing 08:50

    Overview: Statistics from pre-season testing

    With all three pre-season tests done and dusted, teams and drivers are now heading to Australia. Ahead of the first race,...

    F1
  10. Sauber confirms van der Garde lawsuit 08:15

    Sauber confirms van der Garde lawsuit

    Sauber has confirmed that Giedo van der Garde has taken legal action against the team. Van der Garde, who acted as...

    F1
  11. Video of the Day: Williams prepares for 2015 05:04

    Video of the Day: Williams prepares for 2015

    Williams gears up for the 2015 Formula 1 season with this promotional trailer, featuring its drivers.

    F1
  12. Thursday 5 March 2015

  13. Manor passes crash tests with updated car 18:46

    Manor passes crash tests with updated car

    Manor Marussia has been officially cleared to compete in next weekend's season-opening Australian Grand Prix, after passing...

    F1
  14. Speed joins Vergne at Andretti for Miami 16:20

    Speed joins Vergne at Andretti for Miami

    Andretti Autosport has confirmed that Scott Speed will make his Formula E debut at next weekend's Miami round, alongside...

    FE
  15. Manor in talks with 'quick young guys' 15:17

    Manor in talks with 'quick young guys'

    Manor's President and Sporting Director Graeme Lowdon says the squad is in discussions with a few 'quick young' drivers and...

    F1
  16. Weekend deadline for German Grand Prix 11:16

    Weekend deadline for German Grand Prix

    Formula 1 supremo Bernie Ecclestone says that the future of the German Grand Prix needs to be resolved by this weekend,...

    F1
  17. Van der Garde takes legal action against Sauber 10:25

    Van der Garde takes legal action against Sauber

    Giedo van der Garde is taking legal action against Sauber, claiming that he was unfairly dismissed from the team with which...

    F1
  18. Stöckinger to make GP2 debut with Status 09:05

    Stöckinger to make GP2 debut with Status

    Status Grand Prix has confirmed that Lotus F1 junior driver Marlon Stöckinger will make his GP2 debut with the squad in...

    GP2
  19. Jaafar switches to Fortec for FR3.5 campaign 08:05

    Jaafar switches to Fortec for FR3.5 campaign

    Malaysian driver Jazeman Jaafar will race for Fortec Motorsports in this year's Formula Renault 3.5 Series. Jaafar made...

    FR 3.5
  20. Video of the Day: Ice driving with Rosberg 05:22

    Video of the Day: Ice driving with Rosberg

    Mercedes driver Nico Rosberg shows off his ice driving skills ahead of the new Formula 1 season.

    F1
  21. Wednesday 4 March 2015

  22. Manor confirms it will race in Australia 16:40

    Manor confirms it will race in Australia

    Manor has confirmed that it will return to competition and race in next weekend's season-opening Australian Grand Prix,...

    F1
  23. Pirelli names tyre choices for first four races 14:27

    Pirelli names tyre choices for first four races

    Formula 1 tyre supplier Pirelli has announced its compound nominations for the first four races of the season in Australia,...

    F1
  24. Ricciardo answers GPUpdate reader questions 14:02

    Ricciardo answers GPUpdate reader questions

    Last month, GPUpdate.net gave readers the opportunity to pose questions to Red Bull driver Daniel Ricciardo. We picked out a...

    F1
  25. Marciello to get practice outing in Malaysia 11:26

    Marciello to get practice outing in Malaysia

    Sauber test and reserve driver Raffaele Marciello has announced that he will take part in the opening free practice session...

    F1
  26. Lotus pleased with engine, chassis gains 10:14

    Lotus pleased with engine, chassis gains

    Lotus Technical Director Nick Chester reckons the team is in a much stronger position this year with its new...

    F1
  27. Pons confirms Merhi for 2015 season 09:38

    Pons confirms Merhi for 2015 season

    Pons Racing has signed Roberto Merhi for the upcoming Formula Renault 3.5 campaign. The Spaniard, 23, made his series...

    FR 3.5
  28. F1 2015: How did each team fare at Barcelona? 08:12

    F1 2015: How did each team fare at Barcelona?

    After eight more days of testing at the Circuit de Barcelona-Catalunya, the pre-season period is officially over....

    F1
  29. Video of the Day: Red Bull driver photo shoot 05:04

    Video of the Day: Red Bull driver photo shoot

    Go behind the scenes at Red Bull's driver photo shoot with renowned photographer Michael Muller.

    F1
  30. Tuesday 3 March 2015

  31. Video: Red Bull puts UE Boom to the test 14:43

    Video: Red Bull puts UE Boom to the test

    After teaming up with Ultimate Ears last year, Red Bull decided to put the UE Boom to the ultimate test.

    F1
  32. Alonso to sit out Australian Grand Prix 12:13

    Alonso to sit out Australian Grand Prix

    McLaren has confirmed that Fernando Alonso will sit out the Australian Grand Prix in the wake of his testing crash at the...

    F1
  33. Force India braced for early regression 09:31

    Force India braced for early regression

    Force India Deputy Team Principal Bob Fernley says the squad is braced for a slow start to the 2015 campaign following the...

    F1
  34. Williams confirms Wolff's on track programme 09:24

    Williams confirms Wolff's on track programme

    Williams has confirmed the details of Susie Wolff's on track programme for the 2015 season. Wolff, who stepped up to the...

    F1
  35. Toro Rosso has performed 'as expected' – Key 08:42

    Toro Rosso has performed 'as expected' – Key

    Toro Rosso Technical Director James Key hailed a positive pre-season campaign for the Italian squad, believing that the new...

    F1
  36. Video of the Day: Berlin ePrix launch 05:24

    Video of the Day: Berlin ePrix launch

    Highlights from the launch event of Formula E's Berlin ePrix, which will take place later this season around the grounds of...

    FE
  37. Monday 2 March 2015

  38. Arrivabene urges concentration at Ferrari 15:42

    Arrivabene urges concentration at Ferrari

    Ferrari Team Principal Maurizio Arrivabene has emphasised that the Italian outfit must remain disciplined as it prepares for...

    F1
  39. Renault 'quietly confident' ahead of Australia 14:14

    Renault 'quietly confident' ahead of Australia

    Renault Managing Director Cyril Abiteboul says the French power unit supplier is 'quietly confident' ahead of the opening...

    F1
  40. FIA confirms clampdown on helmet changes 13:08

    FIA confirms clampdown on helmet changes

    Formula 1 drivers will be restricted to just one helmet design per season after a proposals put forward by figures inside...

    F1
  41. Final Barcelona pre-season test in numbers 11:01

    Final Barcelona pre-season test in numbers

    The final pre-season test at Barcelona saw Nico Rosberg and Mercedes top the timesheets, and Sauber lead the mileage stakes....

    F1
  42. Vettel expecting close fight behind Mercedes 10:52

    Vettel expecting close fight behind Mercedes

    Sebastian Vettel says he expects a close fight between Williams, Red Bull and his Ferrari team this year – albeit some way b...

    F1
  43. Mick Schumacher to race in German Formula 4 10:45

    Mick Schumacher to race in German Formula 4

    Mick Schumacher, son of seven-time Formula 1 World Champion Michael, will make his car racing debut in German ADAC Formula 4...

    Misc
  44. Pons Racing parts company with Tunjo 10:33

    Pons Racing parts company with Tunjo

    Formula Renault 3.5 outfit Pons Racing has confirmed that it has parted company with Colombian youngster Óscar...

    FR 3.5
  45. 09:57

    Photos: Red Bull presents RB11 livery

    F1
more news