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. Wednesday 29 March 2017

  2. Vettel: Ferrari work starting to pay off 09:38

    Vettel: Ferrari work starting to pay off

    Sebastian Vettel believes that the work undertaken at Ferrari over the past couple of years is "slowly" starting to pay off…

    F1
  3. Aprilia hails 'extraordinary' Espargaró 08:16

    Aprilia hails 'extraordinary' Espargaró

    Aprilia has praised an "extraordinary" showing from Aleix Espargaró and believes the cancellation of qualifying prevented the…

    MotoGP
  4. Video of the Day: Mick on the road - Part 2 05:32

    Video of the Day: Mick on the road - Part 2

    Mick Schumacher continues his driving lessons in Mercedes-Benz's special car-com series.

    Misc
  5. Tuesday 28 March 2017

  6. 19:32

    Follow GPUpdate on Instagram in 2017!

    F1
  7. Mann returns to Dale Coyne for Indy 500 19:30

    Mann returns to Dale Coyne for Indy 500

    Pippa Mann will return to the Indianapolis 500 after being signed to drive Dale Coyne Racing's third car for the prestigious…

    Indy
  8. Fernley: Double points 'fantastic reward' 16:16

    Fernley: Double points 'fantastic reward'

    Force India Deputy Team Principal Bob Fernley says a double points finish for the squad at the Australian Grand Prix is a…

    F1
  9. Hamilton sure of gains on tyre usage 15:44

    Hamilton sure of gains on tyre usage

    Mercedes driver Lewis Hamilton says the team understands where it is lacking in terms of tyre usage, after he missed out on…

    F1
  10. Zarco vows to learn after starring debut 14:05

    Zarco vows to learn after starring debut

    Tech 3 rider Johann Zarco has vowed to learn from his race-ending mistake, in the wake of a shock spell in the lead on his…

    MotoGP
  11. Lack of preparation hurt Renault - Abiteboul 12:18

    Lack of preparation hurt Renault - Abiteboul

    Renault chief Cyril Abiteboul reckons the team's prospects at the Australian Grand Prix were hindered by a lack of preparation…

    F1
  12. Video: Lewis Hamilton explores Melbourne 11:02

    Video: Lewis Hamilton explores Melbourne

    Follow Lewis Hamilton as he explores Melbourne during the Australian Grand Prix weekend.

    F1
  13. Webber: Alonso might not do whole season 09:45

    Webber: Alonso might not do whole season

    Ex-Formula 1 driver Mark Webber has suggested that Fernando Alonso might not see out the 2017 season with McLaren-Honda, as he…

    F1
  14. Grosjean sees 'huge potential' despite exit 09:40

    Grosjean sees 'huge potential' despite exit

    Romain Grosjean expressed confidence that Haas' VF-17 has "huge potential", despite the team suffering a double retirement at…

    F1
  15. Hyman gets F2 test outing with Campos 08:44

    Hyman gets F2 test outing with Campos

    South African racer Raoul Hyman will sample Formula 2 machinery with Campos during this week's second pre-season test in…

    F2
  16. Opinion: Don't judge 2017 overtaking on opener 07:55

    Opinion: Don't judge 2017 overtaking on opener

    The 2017 Formula 1 season-opener in Australia featured a relative lack of overtaking, drawing complaints from some quarters, but…

    F1
  17. Video: Onboard with Rahal at Barber 05:24

    Video: Onboard with Rahal at Barber

    Ride onboard with Graham Rahal at the Barber Motorsports Park, ahead of next weekend's Indy Grand Prix of Alabama at the venue.

    Indy
  18. Monday 27 March 2017

  19. Australian Grand Prix: Winners and Losers 16:22

    Australian Grand Prix: Winners and Losers

    Sebastian Vettel opened the season with victory at the Australian Grand Prix, setting up the prospect of a title battle with…

    F1
  20. Márquez: Tyre change was 'biggest mistake' 15:36

    Márquez: Tyre change was 'biggest mistake'

    Reigning World Champion Marc Márquez labelled a tyre change pre-race as the "biggest mistake" as he slipped away from…

    MotoGP
  21. Canamasas to test again for Trident 14:32

    Canamasas to test again for Trident

    GP2 veteran Sergio Canamasas will again conduct Formula 2 testing with Trident for the second pre-season group running in…

    F2
  22. Hülkenberg 'just couldn't overtake' Alonso 14:10

    Hülkenberg 'just couldn't overtake' Alonso

    Renault's Nico Hülkenberg was left frustrated after dropping behind McLaren-Honda rival Fernando Alonso on the opening lap of…

    F1
  23. Vandoorne: McLaren race finish a milestone 12:02

    Vandoorne: McLaren race finish a milestone

    Stoffel Vandoorne says that reaching the finish of the Australian Grand Prix represented a milestone for McLaren-Honda…

    F1
  24. Sauber baffled at no Magnussen penalty 11:42

    Sauber baffled at no Magnussen penalty

    Sauber Team Principal Monisha Kaltenborn blasted an "incomprehensible" decision by the stewards not to penalise Kevin Magnussen…

    F1
  25. Viñales thrilled with 'incredible' Qatar win 10:58

    Viñales thrilled with 'incredible' Qatar win

    Maverick Viñales hailed an "incredible feeling" as he claimed victory on his Yamaha debut at the season-opening Qatar Grand…

    MotoGP
  26. Formula E unveils revised Berlin track layout 10:39

    Formula E unveils revised Berlin track layout

    Formula E organisers have unveiled the revised circuit layout for this year's Berlin ePrix at Tempelhof Airport. The disused…

    FE
  27. Räikkönen rues difficult opening stint 10:24

    Räikkönen rues difficult opening stint

    Ferrari driver Kimi Räikkönen was left to rue a difficult opening stint to the Australian Grand Prix as he finished the first…

    F1
  28. Vettel, Hamilton relishing potential title fight 09:12

    Vettel, Hamilton relishing potential title fight

    Ferrari's Sebastian Vettel and Mercedes' Lewis Hamilton say they are relishing the prospect of a title battle against each…

    F1
  29. Video of the Day: Hamilton's hospitality tour 05:32

    Video of the Day: Hamilton's hospitality tour

    Lewis Hamilton takes you on a tour of Mercedes' hospitality unit at the Australian Grand Prix.

    F1
  30. Sunday 26 March 2017

  31. 20:48

    Latest MotoGP photos: Sunday at Losail

    MotoGP
  32. 20:47

    In full: Qatar Grand Prix race results

    MotoGP
  33. Viñales victorious in scintillating Qatar race 20:28

    Viñales victorious in scintillating Qatar race

    Maverick Viñales claimed victory on his Yamaha debut after prevailing against Ducati's Andrea Dovizioso during a thrilling…

    MotoGP
  34. 18:00

    Starting grid for the Qatar Grand Prix

    MotoGP
  35. 16:07

    Latest F1 photos: Sunday in Melbourne

    F1
  36. Clear: Australia win 'fell into our hands' 16:05

    Clear: Australia win 'fell into our hands'

    Ferrari's Head of Race Activities Jock Clear believes victory at the Australian Grand Prix "fell into our hands" after early…

    F1
  37. Giovinazzi lauds 'fantastic' F1 debut 12:26

    Giovinazzi lauds 'fantastic' F1 debut

    Sauber's Antonio Giovinazzi hailed a "fantastic" weekend as he claimed 12th place on his Formula 1 debut at the Australian Grand…

    F1
  38. Massa delighted to lead midfield charge 11:38

    Massa delighted to lead midfield charge

    Williams' Felipe Massa labelled himself as "really happy" as he led the charge in Formula 1's midfield by placing sixth at the…

    F1
  39. Sainz Jr. hails 'confidence boost' for STR 11:02

    Sainz Jr. hails 'confidence boost' for STR

    Carlos Sainz Jr. says Toro Rosso's performance at the Australian Grand Prix has acted as "confidence boost" for the team…

    F1
  40. Pérez reckons seventh place maximum 10:27

    Pérez reckons seventh place maximum

    Sergio Pérez believes he extracted the maximum from Force India's potential as he finished in seventh position at the…

    F1
  41. Wolff: Ferrari had quicker package in race 09:24

    Wolff: Ferrari had quicker package in race

    Mercedes boss Toto Wolff has conceded that Ferrari simply had the quicker package during the Australian Grand Prix, highlighting…

    F1
  42. Alonso: McLaren last 'in normal conditions' 09:08

    Alonso: McLaren last 'in normal conditions'

    Fernando Alonso fears that McLaren-Honda could be Formula 1's slowest team "in normal conditions", despite an encouraging…

    F1
  43. Ricciardo: Separate issues caused dramas 08:57

    Ricciardo: Separate issues caused dramas

    Red Bull's Daniel Ricciardo says two separate issues on his RB13 compounded his dismal Australian Grand Prix weekend, as he…

    F1
  44. Marchionne praises Ferrari's winter push 08:36

    Marchionne praises Ferrari's winter push

    Ferrari President Sergio Marchionne has reacted to Sebastian Vettel's victory at the Australian Grand Prix with a statement…

    F1
more news