How FIA action averted F1 "nightmare"
How FIA action averted F1 "nightmare"
AlphaTauri team principal Franz Tost believes that the FIA avoided a "nightmare" situation by increasing the F1 cost cap in reaction to soaring inflation rates.
Energy and freight prices skyrocketed as a direct reaction to Russia's war in Ukraine and this left a number of teams concerned that they may be unable to adhere to F1's strict spending regulations.
Although not all 10 teams were keen on increasing the limit, some taking the view that as they didn't work at the cap as it was, they would not see any benefit of this raise, the FIA reached a compromise of a 3.1 per cent lifting.
"The decision from the FIA to increase the cost cap at 3.1 per cent, was a fair one and a good decision which helps the team to stay below the cost cap," Tost told GPFans.
“The nightmare would've been, if a couple of teams would've been over the cost cap, and then what's the penalty, what FIA wants to do and [it would have been a] difficult situation."
Tost predicted "really difficult year"
The introduction of new technical regulations this year came at a huge financial cost to teams that purchase parts from other teams.
This is because, while AlphaTauri would usually purchase one-year-old parts from Red Bull, part of a longstanding arrangement, that is not possible this year.
Conceding the current season as a 'transitional year', something that was "not a surprise", Tost reflected: “What is a surprise, and what I didn't expect was the cost increase, because this, we didn't know last year.
"But as I mentioned beforehand, already last year in September, October 2022, it would become a really difficult year for us from the cost cap side.
“Now, I think we have everything under control and I hope that we will perform well in the second half of the season and that we can match all the regulations on the financial side, as well as on the technical side.”
Related
Change your timezone:
Latest News
Top manufacturer takes HUGE step towards F1 return
- 1 hour ago
McLaren star sets staggering new F1 RECORD
- 2 hours ago
Hamilton relationship 'ENDS' as F1 legend looks for celebrity date
- 3 hours ago
F1 team boss lends support to Alonso amid HUGE backlash
- Today 10:57
Mercedes driver reveals unique BENEFIT to being Verstappen’s team-mate
- Today 09:57
Wolff WARNS Hamilton about Ferrari competitiveness
- Today 09:12
F1 Race Calendar
-
GP BAHRAIN
29 Feb - 2 Mar
Max Verstappen
-
GP SAUDI ARABIA
7 - 9 Mar
Max Verstappen
-
GP AUSTRALIA
22 - 24 Mar
Carlos Sainz
- GP JAPAN 5 - 7 Apr
- GP CHINA 19 - 21 Apr
- GP USA 3 - 6 May
- GP ITALY 17 - 19 May
- GP MONACO 24 - 26 May
Related news
Who is Ayumu Iwasa? The Red Bull junior replacing Daniel Ricciardo at F1 Japanese GP
Ricciardo fired F1 WARNING by rival with RB future on line
F1 star admits discomfort with Netflix at difficult stage in career
Lawson's x-rated response after Ricciardo Red Bull battle revealed
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