Pandemic a time for "opportunity" in Formula 1
Pandemic a time for "opportunity" in Formula 1
FIA president Jean Todt remains hopeful the reduced $145million Formula 1 cost cap will prevent teams from dropping off the grid once the post-pandemic economic landscape becomes clear.
Todt described the current situation as one of "opportunity", as changes are being made to F1 that would likely have never been agreed upon in the past.
"What we are going to present for the future is going in the right direction," Todt told Sky Sports F1. "Clearly, we are going through an unprecedented economic situation and that is why there is an opportunity to take a direction we would not have taken.
"I really hope that everybody will be able to stay on board and in that sense, the purpose of the new global regulations is to give as much chance for all the competitors to remain in the sport in the future."
While maintaining hope that teams and manufacturers will elect to continue in F1, Todt acknowledged there will be a lot of harm done to the automotive industry.
He added: "It will be the post-Covid-19 situation, where it will have hurt and damaged a lot of manufacturers, competitors, private teams sporting federations, sponsors and media.
"So we will need to see how we can all work together to be as supportive as possible towards each other. That will be the next step."
Before you go...
Vettel lauded as a "good" future president of the FIA
AlphaTauri source '10-minute' Covid-19 test
Related
Change your timezone:
Latest News
Haas announce Hulkenberg EXIT as F1 star's new team confirmed
- Today 11:27
F1 champion claims Drive to Survive success was 'very lucky'
- 1 hour ago
F1 franchise welcomes return of INCREDIBLE feature
- 2 hours ago
F1 News Today: Red Bull star set to QUIT team as F1 driver role CONFIRMED for 2025
- 3 hours ago
F1 team set to axe BOTH star drivers
- 3 hours ago
Red Bull to lose F1 MVP as true cost of Horner saga hits
- Today 09:57
Related news
FIA boss HITS OUT at 'court of public opinion' after interference allegations
FIA announce crucial top three UPDATE in China after investigating F1 star
FIA CANCEL important drivers' meeting after huge drama in China
Ecclestone's wife signs letter of SUPPORT for under-fire FIA president
F1 Standings
Drivers
- Oliver Bearman
- Charles Leclerc
- Carlos Sainz
- Lando Norris
- Oscar Piastri
- Pierre Gasly
- Esteban Ocon
- Sergio Pérez
- Max Verstappen
- Alexander Albon
- Logan Sargeant
- Lewis Hamilton
- George Russell
- Nico Hülkenberg
- Kevin Magnussen
- Fernando Alonso
- Lance Stroll
- Valtteri Bottas
- Zhou Guanyu
- Daniel Ricciardo
- Yuki Tsunoda
Races
- Gulf Air Grand Prix of Bahrain 2024
- Saudi Arabian Grand Prix 2024
- Grand Prix of Australia 2024
- MSC Cruises Grand Prix of Japan 2024
- Grand Prix of China 2024
- Miami Grand Prix 2024
- Gran Premio dell'Emilia Romagna 2024
- Grand Prix of Monaco 2024
- Grand Prix du Canada 2024
- Gran Premio de España 2024
- Grand Prix of Austria 2024
- Grand Prix of Great Britain 2024
- Grand Prix of Hungary 2024
- Grand Prix of Belgium 2024
- Heineken Dutch Grand Prix 2024
- Grand Prix of Italy 2024
- Grand Prix of Azerbaijan 2024
- Grand Prix of Singapore 2024
- Grand Prix of the United States 2024
- Gran Premio de la Ciudad de Mexico 2024
- Grande Prêmio de São Paulo 2024
- Heineken Silver Las Vegas Grand Prix 2024
- Qatar Grand Prix 2024
- Grand Prix of Abu Dhabi 2024
About GPFans
GPFans is a multi-platform, multi-language brand dedicated to Formula One coverage. We bring you all the ins and outs of the sport, 24/7, everything from up-to-the-minute news and features to the latest viral stories and clips.We believe that a new generation of exciting, outspoken drivers will make F1 more popular than ever before, and we want to give our users access to as much of their heroes as possible, on and off the track. From Lewis Hamilton to Max Verstappen, Daniel Ricciardo to Sebastian Vettel, we provide in-depth analysis of every every Grand Prix in the season, from Australia to Abu Dhabi.
With Formula One under the new ownership of Liberty Media, how the sport is being covered is evolving, and GPFans will look to be at the heart of this progression into new media, as one of the fastest-growing sites covering the king of motorsports.
Follow us on your favorite social media channel
Corporate & Media
Innovatieweg 20C7007 CD, Doetinchem, Netherlands
+31645516860