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FIA: F1 teams still committed to cost reduction

FIA confirms meeting to take place on May 1 to 'clarify the means to achieve a substantial F1 Team cost reduction'.
The FIA has insisted the teams in F1 remain committed to 'cost reduction', following the latest meeting of the World Motor Sport Council.

Over the Bahrain Grand Prix weekend FIA president Jean Todt said the proposed cost cap for F1 was going to be dropped due to the objections of a number of teams.

However, despite that, it seems 'cost reduction' - as opposed to any cap - is still something the sport wants to pursue, although in what form is unclear.

“The FIA, the Commercial Rights Holder (CRH), and all the F1 Teams have recently confirmed their commitment to work on cost reduction,” read the statement issued after the WMSC meeting in Marrakech today.

“Accordingly, the FIA President Jean Todt and the CRH Bernie Ecclestone will organise a meeting with all the F1 Teams on 1 May 2014, followed by a F1 Strategy Group meeting, to clarify the means to achieve a substantial F1 Team cost reduction.”

Meanwhile, it was also reiterated that measures will be taken to try and address the issue of noise – or lack of it – with the new 1.6-litre turbo-charged V6 engines.

“As already announced, a study on engine noise is under way with preliminary results expected shortly,” the WMSC noted.

Finally, the FIA said the standard of applications from new teams to looking to join the F1 World Championship in the future was 'high' and that in close consultation with the CRH, the FIA has accepted the candidature of Haas Formula LLC.

The WMSC also said that it is 'in the process of conducting further investigations' for Forza Rossa, raising the possibility of two new teams joining the sport, increasing numbers from 11 to 13 - although when these teams might enter was not confirmed.




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FIA logo. 29.01.2014. Formula One Testing, Day Two, Jerez, Spain.

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107SS2009

April 12, 2014 11:28 AM

“What the FIA needs to do!” whatever the FIA will do it is a guaranty that “it will all be because of what the FIA did”. Some time ago it was being said that formula one’s strategy group- the new rule making body could well be illegal. This strategy group, which replaced the sporting and technical working group consists of 18 voting members equally split between the FIA, the rights holders and 6 leading teams, FERRARI, RBR, Mclaren, Mercedes, Williams and then the next highest placed team (now Lotus).

Fullofit

April 11, 2014 10:11 PM

Unfortunately there is no way to effectively police a cost cap ... far too many ways to circumvent it. What the FIA need to do is create a set of rules that make it pointless to spend more than whichever number they settle on. If that is $50 million, then any team spending $10 million more should receive zero on track benefit for that additional spend. In that way a team with a $1 billion has no advantage over a team with $50 million, so no reason to police how they spend their budget. Creating those rules is the challenge though, especially while the teams are part of the rule making process. And the old saying that you need to break a few eggs to make an omelette will have to apply. Unfortunately, The first thing that will need to go is people. The combined paddock will need to come down to the size of the Mercedes GP staff compliment alone.



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