FIA warns F1 teams it is ready to get tough on needed cost cuts

The FIA has warned Formula 1 teams that it is ready to get tough on much-needed cost cuts

FIA warns F1 teams it is ready to get tough on needed cost cuts

With F1's budgets set for an increase next year because of new regulations, and several outfits facing financial struggles, there have been concerns that the sport is heading for trouble unless spending is brought under control.

Teams have tried frequently to agree on a way forward, but their efforts have been in vain.

A push towards a stricter Resource Restriction Agreement (RRA) met with resistance from some quarters.

Last year, all but two teams were in favour of the FIA policing a chassis RRA, but the governing body did not want to implement it without unanimous support.

FIA president Jean Todt has so far chosen not to take a confrontational approach to the teams and force rule changes through.

But ahead of a restructuring of the way that F1 is governed under the new Concorde Agreement, Todt has hinted that the FIA is now ready to push forward with its ambitions.

Speaking about his plans, Todt said that the FIA will use its presence at the new F1 Strategy Group think-tank to vote for changes.

The new 18-man body will be made up of six votes from the FIA, six from the commercial rights holder and six from the teams.

Todt has made it clear that the FIA will use its block vote to push for cuts, and support from Bernie Ecclestone and a minority of teams could ensure outfits like Red Bull that have resisted tougher restrictions in the past will not be able to block rule changes.

Speaking to selected media including AUTOSPORT, Todt made it clear that the first task when the Strategy Group meets will be for cost cuts to be pushed through.

"I have been reading a lot of things about cost-cutting and it is something that you cannot address with the teams," explained Todt.

"There have been a lot of discussions with the teams to talk about RRA and all that, and the teams said we have never had a strong and clear approach about the proposal of cost cutting.

"We met in Maranello with a few teams, and a consensus was against this [RRA] proposal of cost cutting.

"So where are we now? We have been implementing, when the Concorde is settled, a new governance, where there will be a strategy group.

"It will be on the agenda, at the first meeting when we are involved, to bring in cost cutting.

"I can guarantee you the FIA will vote in favour of cost cutting. Then we will see."

Todt and Ecclestone are continuing work on the details of a new Concorde Agreement, which it is hoped can be finalised in the next few weeks.

shares
comments
Ex-Ferrari chief says Kimi Raikkonen not the right man for F1 team

Previous article

Ex-Ferrari chief says Kimi Raikkonen not the right man for F1 team

Next article

Force India says it must find solution to tyre issues after slump

Force India says it must find solution to tyre issues after slump
Load comments
Verstappen exclusive: How Red Bull’s ace has become F1 champion material Plus

Verstappen exclusive: How Red Bull’s ace has become F1 champion material

As Red Bull and Honda go all-out for victory in the Japanese engine manufacturer’s last season of its latest Formula 1 dalliance, Max Verstappen finds himself thrust into a compelling title fight with Lewis Hamilton. He told OLEG KARPOV about his evolution into a world championship contender and why Red Bull's no compromise ethos suits him down to the ground

How Mercedes went from Austin practice domination to "very tight at the front" with Red Bull Plus

How Mercedes went from Austin practice domination to "very tight at the front" with Red Bull

Mercedes has been on a roll of late in the ultra-tight fight to win the 2021 Formula 1 world championship. It started off well in practice at Austin for this weekend’s US Grand Prix, but Red Bull got closer as Friday unfolded and even seemed to find an edge in one critical area of what seems set to be another close contest

The six critical factors that could hand F1 2021 glory to Hamilton or Verstappen Plus

The six critical factors that could hand F1 2021 glory to Hamilton or Verstappen

The 2021 Formula 1 title battle is finely poised with six races remaining, as just six points separate championship leader Max Verstappen from seven-time champion Lewis Hamilton. In such a closely-fought season, the outcome could hinge on several small factors playing the way of Red Bull or Mercedes

Formula 1
Oct 22, 2021
Can Whitmarsh appointment help Aston succeed where its F1 rivals failed? Plus

Can Whitmarsh appointment help Aston succeed where its F1 rivals failed?

Aston Martin owner Lawrence Stroll is determined to make the group a billion-dollar business. MARK GALLAGHER analyses his latest play – bringing former McLaren team principal Martin Whitmarsh into the fold

Formula 1
Oct 22, 2021
Remembering Switzerland’s first F1 winner Plus

Remembering Switzerland’s first F1 winner

Stepping up to F1 in 1962, Jo Siffert shone with Rob Walker Racing Team and BRM before his career was abruptly ended in a fatal crash at Brands Hatch in 1971. On the 50th anniversary of his death, Autosport recalls the career of an F1 and sportscar ace gone before his time

Formula 1
Oct 21, 2021
What Verstappen is risking with his current stance on 2021 F1 world title defeat Plus

What Verstappen is risking with his current stance on 2021 F1 world title defeat

OPINION: Max Verstappen is back in the lead of the 2021 Formula 1 drivers’ championship, with the season’s final flyaway events set to get underway in the USA this weekend. But a defensive stance he’s recently adopted could have a lasting impact for the Red Bull driver when it comes to his chances of defeating Lewis Hamilton and Mercedes

Formula 1
Oct 21, 2021
The hidden Ferrari struggle that Sainz’s recent charge put to rest Plus

The hidden Ferrari struggle that Sainz’s recent charge put to rest

Despite appearing to adjust to life as a Ferrari driver with relative ease, it was far from straightforward under the surface for Carlos Sainz Jr. But, having made breakthroughs in rather different routes at the Russian and Turkish races, he’s now targeting even greater feats for the rest of the Formula 1 season

Formula 1
Oct 20, 2021
The final throes of Brazil's fleetingly successful F1 team Plus

The final throes of Brazil's fleetingly successful F1 team

Emerson Fittipaldi is better remembered for his Formula 1 world championships and Indianapolis 500 successes than for the spell running his eponymous F1 team. Despite a hugely talented roll call of staff, it was a period of internal strife, limited funding and few results - as remembered by Autosport's technical consultant

Formula 1
Oct 18, 2021