FIA president Max Mosley hopes improved budget caps will be welcomed by Formula One teams that were previously skeptical about plans to radically cut costs.
Motor sport’s governing body has proposed a budget limit of $42 million per year, excluding driver salaries and marketing costs. F1 team bosses cautioned against the budget caps, saying costs need to be cut gradually.
The issue was discussed at the World Motor Sports Council on Wednesday and Mosley left the meeting optimistic that a slight budget increase will keep most teams happy. Plans are to be released Thursday…Â Details
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