The FIA confirmed that 9 out of 10 groups had complied with the price cap in 2024, with Aston Martin the one one cited for procedural breaches of a “very minor nature”.
As reported final week, Aston Martin admitted it was unable to submit an audited report by the March 31 deadline as a result of extenuating circumstances, and the FIA obtained the unaudited report earlier than the deadline. The crew didn’t exceed value cap ranges and signed a Breach Acknowledgment Settlement (ABA) with the FIA on the finish of September.
Since then, delays in confirming the remaining groups’ compliance have fueled hypothesis that additional groups could also be in breach, however the FIA says the advanced nature of the method, which additionally contains monetary laws regarding all energy unit producers in 2026, has taken longer than earlier years.
“The evaluation of the report was a really thorough and intensive course of spanning seven months,” an FIA assertion mentioned.
“The FIA acknowledged that the evaluation course of is especially time-consuming, given each the complexity of the monetary guidelines and the necessity to assess the technical facets (and related value therapy) of the event actions carried out by F1 groups and PU producers.”
“The FIA has confirmed that every one F1 groups and all PU producers have offered their full help in offering the required info. The Price Cap Authority notes that every one F1 groups and all PU producers have acted in a spirit of integrity and cooperation always all through the method.”
The fee cap was first launched in 2021 and its goal was to restrict spending in F1 to “make sure the long-term viability of the championship, encourage efficiency convergence between rivals and create extra thrilling races”. The most recent reporting interval ends December 31, 2024, and accounts will probably be submitted three months after that.
All 5 energy unit producers (Mercedes, Ferrari, Crimson Bull Powertrains, Honda and Audi) had been additionally discovered to be in compliance with the related monetary laws.
