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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