by clicking the arrows at the side of the page, or by using the toolbar.
by clicking anywhere on the page.
by dragging the page around when zoomed in.
by clicking anywhere on the page when zoomed in.
web sites or send emails by clicking on hyperlinks.
Email this page to a friend
Search this issue
Index - jump to page or section
Archive - view past issues
GP Week : Issue 158
Formula ExpoTM will feature over 120,000 sq. ft. of exhibits and demonstrations from top Formula 1TM teams, and give you the chance to get an early and up- close look at the amazing cars, technology, and rich history that makes Formula 1TM the most exciting racing series on the planet. While at Formula Expo,TM you’ll have the chance to race your friends on state of the art Formula 1TM simulators, see how your reaction times stack up against the best drivers in the world and experience the thrill of being a member of the pit crew. Tickets for Formula ExpoTM start at only $15 and family and multi-day discounts are available. For more information visit: www.formulaexpo.com Your Chance to Get Up Close & Personal with Formula OneTM In Partnership with: Special Thank You to Our Gold Sponsors: In recent weeks the FIA has been under significant pressure to cut costs in Formula One, both from the smaller teams for whom cost-cutting is a necessity, and from those who have seized on cost-cutting as a means of further delaying the 2014 engine specification change. Motorsport’s governing body has been in cost- cutting discussions with the teams ever since it became clear that the Resource Restriction Agreement was not operating as effectively as it should. But discussions reached a new level during last week’s meeting of the World Motor Sport Council, and cost cutting will now be included in Formula One’s technical regulations. “The FIA is having active discussions with teams regarding cost control and any amendments to the technical regulations resulting from a further limit on expenditure on the chassis will be submitted to the WMSC via a fax vote before 30 June,” the WMSC press release read. “The intention is to help all teams participate in the Championship in a fair and equal manner.” FIA president Jean Todt also gave a rare interview to Autosport, in which the subject of cost-cutting was high on the agenda. “It is true that the [new engine] package will be more expensive, but it is also true that the FIA has been in consultation with the engine suppliers in order to reduce the cost increase,” Todt told Autosport. “For example, we have already agreed to a reduction in the number of power units. From eight per driver per season in 2012, we will reduce this to five per driver in 2014 and to four per driver per season in 2015." “We are discussing [an RRA] as we have been asked by 10 of our 12 teams to control costs,” the FIA president continued. “The FIA's Chief Administrative Officer Damien Clermont is talking to the financial heads of all the 12 teams in F1 concerning the chassis costs and with all engine manufacturer for the engine costs. This follows the meeting with all the teams I called on the Monday after the Monaco GP.” COST- CUTTING THE FIA RESPONDS Jean Todt confirms that cost- cutting is high on the agenda 5 GPWEEK.com // PARTNERS: F1 >>> NEWS