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Jan 24, 2014 - 05:37 AM
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FIA no longer mentioning 'cost cap'
Posted by: Admin on Jan 24, 2014 - 05:37 AM
Formula 1 News
FIA no longer mentioning 'cost cap'

F1's governing body has toned down its rhetoric on cost-cutting, having said in December it wanted to install a highly-controversial "global cost cap".

But on Thursday, after a meeting of the World Motor Sport Council in Geneva, the FIA said only that the adoption of "cost reduction and cost control regulations" has been agreed, following a meeting involving Bernie Ecclestone and the F1 teams.


 

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The FIA said the cost control regulations will be installed in 2015.



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