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Motor racing: F1's smaller teams want reassurance on cost cuts

Published on Apr 30, 2014 11:01 PM
 

LONDON (REUTERS) - Formula One's cash-strapped smaller teams want to see real evidence that the sport is fighting for their survival when bosses meet on Thursday to discuss how to proceed after scrapping plans to impose a cost cap.

The meeting, at Biggin Hill airfield south of London, has been called by the governing International Automobile Federation (FIA) to "clarify the means to achieve a substantial F1 team cost reduction".

All 11 teams, the FIA and commercial supremo Bernie Ecclestone are due to attend.

It comes in response to a letter from Sauber, Force India, Caterham and Marussia that angrily questioned the decision to jettison plans, previously agreed unanimously by all teams, for a cost cap in 2015.

 
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