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
And Richard Petty is bringing an Andretti along for the ride.
Petty. Andretti.
The family names alone fill pages of stock car and IndyCar history books. Now two of the most famous names in auto racing will again be united at one of the sport’s most famous tracks.
For Petty, the driver long synonymous with NASCAR, the Indianapolis 500 offers a whole new kind of racing style and pageantry. More than 50 years after making his NASCAR debut, Petty will be a rookie …Â Details
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