News Details

Renault: F1 budget cap could increase costs

Renault team principal Cyril Abiteboul says the proposed budget cap in Formula 1's 2021 regulations could bizarrely serve to see the French squad actually up their spending. The final figure for the proposed limit is $175million – a higher figure than Liberty Media had reportedly sought originally. F1'a biggest teams, including Mercedes and Ferrari, were vocal opponents of many aspects of the proposed shake-up, and the higher spending cap is reportedly in response to pressure from them. Article continues under video Abiteboul says Renault, last season's fourth-best team, currently plan to spend way below the limit, which he believes could well fail in its purpose to level the playing...
Full Story »
4y ago from GPFans.com 0
Share

You May Also Be Interested In...

Brown on budget caps: It doesn't take a lot of money...

McLaren chief Zak Brown believes that the proposed budget cap of $175...
4y ago from GPFans.com

Early budget cap figure a 'compromise' - Brawn

Jun.13 The world of F1 is in Paris on Thursday for a crisis meeting...
4y ago from OneStopStrategy.com

F1 teams are split over talks on budget reform delay

A split has emerged between Formula 1 teams as talks over the future of...
4y ago from BBC.co.uk

Carey reveals plan to introduce budget cap and...

Chase Carey has revealed that teams who go over budget will be punished...
4y ago from GPBlog.com

Elsewhere On The Network

Popular On MGPToday.com

F1 owner Liberty Media set to finalise purchase of...

Formula 1 owner Liberty Media are in talks to buy Madrid-based company...

Popular On IndyCarToday.com

Popular On TotalWRC.com

Kalle quickest in Safari shakedown

Reigning WRC champion Kalle Rovanperä set the benchmark time in Wednesday...

Popular On GunnersToday.com

Rodri vs Rice: The key battle to watch between Man...

Who will come out on top when Rodri and Declan Rice go head to head at the...
23m ago from SkySports.com

Comments

Hottest News

Recent News


2014 GPToday.com
GPToday.com is not responsible for the news headlines and associated descriptions and images it indexes, the content of externally linked sites or the comments & postings of its users.

This website is unofficial and is not associated in any way with the Formula One group of companies. F1, FORMULA ONE, FORMULA 1, FIA FORMULA ONE WORLD CHAMPIONSHIP, GRAND PRIX and related marks are trade marks of Formula One Licensing B.V.