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 25 July 2014

  2. 14:37

    Hungarian GP: Full Free Practice 2 results

    F1
  3. Hamilton stays ahead in second practice 14:31

    Hamilton stays ahead in second practice

    Lewis Hamilton stayed on top during second practice for the Hungarian Grand Prix, setting a best time of 1:24.482 on the...

    F1
  4. 12:50

    Follow second practice for the Hungarian GP!

    F1
  5. 10:43

    Hungarian GP: Full Free Practice 1 results

    F1
  6. Hamilton fastest in first Hungaroring practice 10:32

    Hamilton fastest in first Hungaroring practice

    Lewis Hamilton set the standard as the Hungarian Grand Prix weekend got underway on Friday morning. The Mercedes driver...

    F1
  7. Azerbaijan to stage Grand Prix from 2016 10:26

    Azerbaijan to stage Grand Prix from 2016

    Azerbaijan has confirmed that it will stage the European Grand Prix from the 2016 campaign. There were plans for the Baku...

    F1
  8. 10:19

    Latest F1 photos: Friday at Hungaroring

    F1
  9. Hamilton 'not worried' about Vettel rumours 10:06

    Hamilton 'not worried' about Vettel rumours

    Lewis Hamilton says he is unconcerned about claims that Mercedes is trying to sign Sebastian Vettel. Ahead of the...

    F1
  10. Camier to stand in for recovering Hayden 09:36

    Camier to stand in for recovering Hayden

    Leon Camier will replace Nicky Hayden at Aspar for the next two races as the latter recovers from surgery. Hayden has...

    MotoGP
  11. 09:00

    Follow first practice for the Hungarian GP!

    F1
  12. Video of the Day: Hamilton's Hungaroring guide 05:00

    Video of the Day: Hamilton's Hungaroring guide

    Join Mercedes driver Lewis Hamilton for a lap of the Hungaroring.

    F1
  13. Thursday 24 July 2014

  14. Video: Mexico outlines planned track changes 22:49

    Video: Mexico outlines planned track changes

    Organisers of the returning Mexican Grand Prix highlight the modifications that will be required to the Autódromo Hermanos...

    F1
  15. Räikkönen: 2015 car will be more to my liking 17:16

    Räikkönen: 2015 car will be more to my liking

    Kimi Räikkönen is certain that next year's Ferrari design will be better-suited to his driving style. The former World C...

    F1
  16. Sutil shrugs off replacement rumours 16:39

    Sutil shrugs off replacement rumours

    Adrian Sutil has shunned rumours that Sauber is looking to replace him before the end of the season. It was suggested...

    F1
  17. Rossi joins Marussia as reserve driver 16:26

    Rossi joins Marussia as reserve driver

    Alexander Rossi has joined Marussia as its reserve driver for the remainder of the 2014 season. The 22-year-old American...

    F1
  18. 15:20

    Latest F1 photos: Thursday at Hungaroring

    F1
  19. Pérez '100 per cent sure' of Mexico return 14:49

    Pérez '100 per cent sure' of Mexico return

    Sergio Pérez says he has no doubts over Mexico's planned return to the Formula 1 calendar. At a special press conference...

    F1
  20. Video: Rosberg previews the Hungarian GP 13:30

    Video: Rosberg previews the Hungarian GP

    Mercedes driver and championship leader Nico Rosberg previews the Hungarian Grand Prix.

    F1
  21. Pirelli announces tyre choices until Singapore 13:10

    Pirelli announces tyre choices until Singapore

    Pirelli has announced its tyre compound choices for the Belgian, Italian and Singapore Grands Prix. At Spa-Francorchamps,...

    F1
  22. Marko: Mercedes, McLaren targeting Vettel 11:46

    Marko: Mercedes, McLaren targeting Vettel

    Red Bull advisor Helmut Marko claims that Mercedes and McLaren have targeted Sebastian Vettel. The reigning quadruple...

    F1
  23. Pérez gets grandstand for United States GP 10:06

    Pérez gets grandstand for United States GP

    A grandstand has been dedicated to Sergio Pérez fans for this year's United States Grand Prix. The Force India driver has...

    F1
  24. Video: Mansell, Berger battle in Mexico 09:14

    Video: Mansell, Berger battle in Mexico

    With news that the Mexican Grand Prix will return to the Formula 1 calendar next season, relive one of the standout battles...

    F1
  25. Horner: We will fight all the way to Abu Dhabi 07:00

    Horner: We will fight all the way to Abu Dhabi

    Red Bull Team Principal Christian Horner has insisted that the reigning World Champions will keep "fighting all the way to...

    F1
  26. Hungaroring memories: Räikkönen wins, 2005 05:00

    Hungaroring memories: Räikkönen wins, 2005

    Relive then McLaren driver Kimi Räikkönen's 2005 Hungarian Grand Prix victory.

    F1
  27. Wednesday 23 July 2014

  28. Official: Mexico confirmed for 2015 season 22:14

    Official: Mexico confirmed for 2015 season

    During a press conference in the country on Wednesday, organisers of a new race officially announced that Mexico will return...

    F1
  29. Video: Ferrari looks ahead to Hungary 18:05

    Video: Ferrari looks ahead to Hungary

    Ferrari Technical Director James Allison looks ahead to this weekend’s Hungarian Grand Prix.

    F1
  30. Lotus already well into design of 2015 car 17:22

    Lotus already well into design of 2015 car

    Lotus Technical Director Nick Chester has confirmed the Enstone team is already "well into the design of next year's car"...

    F1
  31. FIA confirms minor changes at Hungaroring 16:05

    FIA confirms minor changes at Hungaroring

    The Hungaroring has been tweaked ahead of this weekend's Hungarian Grand Prix. The alterations see new debris fencing...

    F1
  32. Pirro named driver steward for Hungary 15:25

    Pirro named driver steward for Hungary

    Emanuele Pirro will be the FIA driver steward at the Hungarian Grand Prix this weekend, carrying out the task for the eighth...

    F1
  33. Toto Wolff injured in cycling accident 14:24

    Toto Wolff injured in cycling accident

    Mercedes boss Toto Wolff has suffered a fractured shoulder, collar bone, elbow and wrist ahead of this weekend's Hungarian...

    F1
  34. Mallya: More podiums possible for Force India 14:05

    Mallya: More podiums possible for Force India

    Force India boss Vijay Mallya is confident his team will be able to get more podium finishes this season. Sergio Pérez...

    F1
  35. Video: Force India drivers on Hungarian GP 13:30

    Video: Force India drivers on Hungarian GP

    Force India drivers Nico Hülkenberg and Sergio Pérez preview the 2014 Hungarian Grand Prix.

    F1
  36. Magnussen wants problem-free weekend 13:17

    Magnussen wants problem-free weekend

    McLaren driver Kevin Magnussen has said he is hoping for a weekend "where everything comes together" in Hungary. Danish...

    F1
  37. Albers: Caterham making progress already 12:35

    Albers: Caterham making progress already

    Caterham Team Principal Christijan Albers believes that the squad is already making progress under its new owners. Tony...

    F1
  38. Lauda apologises to di Montezemolo and Ferrari 11:54

    Lauda apologises to di Montezemolo and Ferrari

    Niki Lauda has apologised to Ferrari President Luca di Montezemolo after his blunt description of the team's 2014 Formula 1...

    F1
  39. Lotus: We want to keep Grosjean in 2015 11:07

    Lotus: We want to keep Grosjean in 2015

    Lotus Deputy Team Principal Federico Gastaldi has said it is the outfit's "intention" to retain Romain Grosjean next...

    F1
  40. Bottas: Hungary not best circuit for our car 10:12

    Bottas: Hungary not best circuit for our car

    Valtteri Bottas has admitted he might struggle to get on the podium again this weekend in the Hungarian Grand...

    F1
  41. Mexico Grand Prix set for F1 return in 2015 09:52

    Mexico Grand Prix set for F1 return in 2015

    Mexico will return next season, Formula 1 boss Bernie Ecclestone has confirmed. According to reports by Forbes,...

    F1
  42. Mark Sutton: Story behind the shot - Germany 09:00

    Mark Sutton: Story behind the shot - Germany

    Especially for lovers of motorsport photography, GPUpdate.net is this season running a feature series entitled Story behind...

    F1
  43. Exclusive interview with Paul Hembery 08:00

    Exclusive interview with Paul Hembery

    Pirelli faced one of its biggest challenges since returning to the sport this season, having to adapt its products to...

    F1
more news