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Hot from F1.com
Formula One racing's governing body, the FIA, has revised its budget cap plans for 2010. Teams signing up for the optional cap must limit their spending to £40 million per year in exchange for greater technical freedom. This figure will not include driver salaries or, for 2010 only, engine costs. Thirteen teams will be accepted for next year's championship and all must apply by May 29, 2009, stating whether they wish to compete under the budget cap or not...
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Formula One racing's governing body, the FIA, has revised its budget cap plans for 2010. Teams signing up for the optional cap must limit their spending to £40 million per year in exchange for greater technical freedom. This figure will not include driver salaries or, for 2010 only, engine costs. Thirteen teams will be accepted for next year's championship and all must apply by May 29, 2009, stating whether they wish to compete under the budget cap or not...
More...