FOTA in new cost-cutting push

Formula 1 teams are hoping to close in on a fresh cost-cutting deal to help secure the future of the sport during a meeting ahead of the Malaysian Grand Prix, AUTOSPORT can reveal

FOTA in new cost-cutting push

Members of the Formula One Teams' Association (FOTA) are to gather pre-race at Sepang to go through a number of topics - including work on amendments to the Resource Restriction Agreement (RRA), discussions about the organisation's chief officers and ongoing talks about the Concorde Agreement.

Although the teams have already agreed a basic framework for the RRA based on a deal signed at last year's Singapore Grand Prix, there remain differences of opinion about further changes that it is hoped will help add stability to the whole grid.

Sources suggest that there are a number of issues that need resolving - including the use of outside suppliers, how spending on future KERS/power train development should be ring-fenced and also how breaches of RRA spending limits should be dealt with.

FOTA chairman Martin Whitmarsh believes that finding an updated RRA that all the teams are happy with is vital for the sport going forward.

"It is important," he told AUTOSPORT. "There is a desire to extend it into the powertrain which I think is eminently sensible, but we have to continue to grow and develop it. People have expressed different opinions, but we have to go forward.

"F1 needs it. You don't have to go too far down the pitlane to know that unless we can continue to go down the path of controlling and reducing costs in F1 there will be problems.

"It is okay for some of us at this end to say that it doesn't feel like a real and immediate priority - but if we don't do it then we won't have people to race against. It is as simple as that.

"I believe that I represent the interests of McLaren and the teams to say that we have to bring down the costs for all of us of being competitive in F1."

Although it is understood that Red Bull's two teams are standing out alone for a number of revisions to the RRA, Whitmarsh said it would be wrong of him to talk about whether a compromise on the issues at stake can be found.

"I don't think it is helpful for me as chairman of FOTA to talk about different opinions of teams," he said. "I think it is inevitable there will be differences on any subject, as we are a competitive bunch of people in the F1 paddock.

"I think ultimately there has been a tremendous amount of goodwill to get to where we are. There has been a lot of pain, and let's not forget that there are a lot of teams, and we are certainly one, who have had to reduce our staff and that is not an easy process to go through.

"It is the bigger teams that have in effect born the brunt of it and worked hard. But it is never enough. It is an increasingly tough competitive world out there, but we have to make sure that the restrictions that we have placed upon ourselves cover a broader spectrum of our activity."

shares
comments
Five themes to watch for in Malaysia
Previous article

Five themes to watch for in Malaysia

Next article

Williams expects stronger race form

Williams expects stronger race form
Why is Oscar Piastri F1's most sought-after rookie? Plus

Why is Oscar Piastri F1's most sought-after rookie?

The Australian rising star is fast, consistent, confident, adaptable and has shown excellent racecraft, but there’s already a taint to his reputation. That hasn’t stopped him becoming the hottest property in this year’s F1 driver market and why McLaren moved fast to snap up the 21-year-old

Formula 1
Sep 30, 2022
The unintended benefit that F1's new engine rules era will deliver Plus

The unintended benefit that F1's new engine rules era will deliver

Formula 1's incoming engine rules shake-up has multiple targets. But it may also solve what has been a bone of contention since the hybrids arrived in 2014. The new plan will allow the series to pump up the volume

Formula 1
Sep 29, 2022
How de Vries made himself impossible to ignore for a belated F1 chance Plus

How de Vries made himself impossible to ignore for a belated F1 chance

Nyck de Vries appeared to have missed his opportunity to break into Formula 1 as he was passed over for more exciting talents who have now become frontrunners and title fighters. But after catching the eye outside of the F1 sphere, before his stunning impromptu grand prix debut in Italy, will it lead to a delayed full-time race seat?

Formula 1
Sep 29, 2022
Can Hamilton produce another Singapore magic moment? Plus

Can Hamilton produce another Singapore magic moment?

The Singapore Grand Prix has, explains BEN EDWARDS, played an important role in Lewis Hamilton’s Formula 1 career. As the series returns to the Marina Bay Street Circuit for the first time in three years, he faces the latest challenge with an underperforming Mercedes car

Formula 1
Sep 28, 2022
Why Sainz is key to Ferrari achieving its chairman's F1 goals Plus

Why Sainz is key to Ferrari achieving its chairman's F1 goals

Although Ferrari's chances of title glory in 2022 have evaporated, chairman John Elkann expects the team to have chalked up both championships by 2026. Both require drivers to play the team game and, having now become more comfortable with the F1-75, Carlos Sainz may be Ferrari's key to title glory

Formula 1
Sep 27, 2022
How F1 has tried to avoid repeating its 2014 engine rules mistakes Plus

How F1 has tried to avoid repeating its 2014 engine rules mistakes

With Formula 1’s future engine regulations now agreed, MARK GALLAGHER wonders if they will provide a more competitive field than past attempts actually managed

Formula 1
Sep 26, 2022
How its faltering first turbo car advanced a Williams-Honda glory era Plus

How its faltering first turbo car advanced a Williams-Honda glory era

STUART CODLING charts the development of the Williams FW09, the ugly duckling that heralded the start of the title-winning Williams-Honda partnership

Formula 1
Sep 25, 2022
The Moss-Ferrari farce that current F1 drivers are thankfully spared Plus

The Moss-Ferrari farce that current F1 drivers are thankfully spared

Recent moves within the driver market have reminded MAURICE HAMILTON of a time when contracts weren’t worth the paper they weren’t written on…

Formula 1
Sep 24, 2022