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GP Week : Issue 199
TODT: NO F1 COST CAP Formula 1 will not have a cost cap in 2015. Attending his first Formula 1 Grand Prix of the year, FIA President Jean Todt told reporters in Bahrain that plans to have an agreement in place by June to introduce a cap had been set aside. F1’s strategy Group – which consists of representatives of the Red Bull, Ferrari, Mercedes, Williams, McLaren and Lotus teams – have informed the FIA that they were not in favour of the cap. FOM’s Bernie ecclestone is also said to be against its introduction. “Most of the teams were in favour of the cost cap, but I understand that all the teams that are part of the strategy Group are against it now,” Todt told the media at sakhir. “so clearly, if the commercial rights holder, and if six teams, which means 12 of 18 are against, I cannot impose it. It’s mathematics. so in this case, no more cost cap.” The FIA will now be forced to attempt to reduce costs through its rulebook. “Am I disappointed? In a way I am disappointed because it may be more difficult to achieve the reduction, which I feel is needed. “But everyone says we are all in favour of reducing the cost, and through sporting and technical regulations.” F1 >>> nEWs 6 GPWEEK.com // 6 GPWEEK.com // PARTNERS: