F1's impossible cost-cut deadline

F1's impossible cost-cut deadline

Formula 1 has declared its new cost-cutting plans will be finalised within three months ready for a 2015 introduction, but DIETER RENCKEN sees major obstacles in the way

In January, shortly before Formula 1 found itself consumed by testing of its radical new technology, FIA president Jean Todt vowed that one of the governing body's immediate priorities was to enshrine cost control in the 2015 technical and sporting regulations.

Indeed, following a January 22 meeting in Geneva of F1's Strategy Group (comprising six major teams, the FIA and Formula One Management), itself preceded by a summit attended by all teams, the following was released by the FIA:

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