autosport.com
Search:
Find out more about our subscriptions
  AUTOSPORT+ LOGIN AUTOSPORT Plus  
Username:
Password:
F1 NEWS 

BMW in favour of budget caps

BMW motorsport chief Mario Theissen says he is in favour of introducing budgets caps to reduce costs in Formula One.

"Cost reduction certainly is desirable, we support that and have always supported that, and the idea of a budget cap I think it looks at a first glance quite attractive," said Theissen during the launch of BMW's new car in Munich.

"We should at least spend some time on evaluating how it could work - what would be the cap, what would be included and how to police it. I would certainly prefer a budget cap over a limitation in specific areas."

Theissen's comments come after a team principals meeting last week, when teams accepted calls from the sport's governing body, the FIA, to further cut costs in the sport.

In the Paris meeting, most teams showed support for the introduction of budget caps, which would be set at around the $120 million dollar mark.

Theissen said, however, that limiting wind tunnel use would not be the best solution to reduce costs.

"I think for various reasons it would not be the ideal approach," he said. "Firstly it would not be fair because all the different teams come from different baselines. Secondly it's almost impossible to police and thirdly I think the challenge is to spend our resource where you get the most performance.

"If some team decides to spend a lot of money on drivers, it should be possible that another team spends a lot of money on a computer.

"And then on top of that, if you really want to limit the use of expensive tools you should start with tools that are not common in F1, not with a tool that is already there with every team."

Subs
  More news  
    advertisement
  RELATED LINKS
Read the AUTOSPORT Digital Edition
Visit the autosport.com shop
See highlights from 60 years of AUTOSPORT
  FOLLOW AUTOSPORT ON
FOLLOW AUTOSPORT ON TWITTER
Breaking news feed
Live commentary feed
  RELATED STORIES
Ferrari says it cannot be entered by FIA
Ferrari evaluating further legal action
Ferrari loses legal bid against FIA
Court to rule on Ferrari case tomorrow
Fight for F1 rules moves to courtroom
Mosley: Teams set to miss May deadline
Ecclestone: Two-tier will be scrapped
Teams vow to find cost cutting solution
Q & A with Stefano Domenicali
Ferrari pushing to stay under own terms
Mosley dismisses fears of F1 crisis
No agreement between teams and FIA
Parr: Time running out for F1 solution
Briatore: Solution needed 'at all costs'
Ecclestone joins FIA/FOTA meeting
Howett: Teams want right governance
Ferrari vows to take passion elsewhere
Renault also reconsidering 2010 entry
Ferrari threatens to leave F1 in 2010
FIA trusts cap deal can be reached
Red Bull will not enter two-tier F1
Whitmarsh: F1 at a 'critical' point
Ecclestone: Formula 1 is Ferrari
Toyota warns it may not lodge entry
Theissen in warning over two-tier F1
FOTA calls for talks over budget cap
Ecclestone says he will protect Ferrari
Mosley: F1 could survive without Ferrari
Ferrari warns budget cap may hurt F1
Mallya cautious on FIA's new rules
Williams also against two-tier series
McLaren reluctant about two-tier series
New teams to get financial support
FIA's budget cap Q & A
FIA confirms 40m budget cap for 2010
Mosley hints at increased budget cap
New teams set for budget cap boost
FOTA budget cap response not ready
FIA consults teams on budget cap
FOTA supports budget caps, not tiers
Mosley: FOTA response was 'weak'
FIA: Cap to lead to clever engineering
FIA introduces £30m budget cap
Q & A with Max Mosley
FIA to reevaluate F1 budget caps
BMW boss in favour of budget caps
F1 aims for 110m Euro budget cap
Budget cap Q & A with Max Mosley
Fry backs 'logical' budget cap idea
Richards says budget cap not viable
Mosley: F1 budget cap is achievable
Budget cap set for 2009 introduction
Engine freeze shortened to five years
Mosley: engine freeze beneficial for all
Purnell: engine freeze good for F1
Engine development frozen for ten years
Engine makers seek team support for rules
Manufacturers submit engine proposals
Haymarket