\u00ab The FIA confirms that its Cost Cap Administration has now completed the review of the declaration documents submitted by each competitor who participated in the FIA Formula 1 World Championship 2022 for the declaration period of the year 2022 ending on December 31, 2022. \u00bb This is the message published today by the FIA in a press release.<\/p>\n
This follows last year’s incident where the Red Bull team exceeded the (budget cap) by approximately 1.8 million dollars, resulting in a financial penalty of 7 million dollars and a 10% reduction in their allocated aerodynamic testing. Aston Martin also received a fine of 450,000 dollars for cost adjustment discrepancies related to their new Silverstone base.<\/p>\n
This time, everyone is in compliance. After examinations of \u00ab documents submitted by the teams \u00bb, as well as \u00ab thorough checks of all non-F1 activities carried out by the teams, which included multiple on-site visits to the teams’ facilities and meticulous audit procedures \u00bb, the FIA declared that each team has been issued a certificate of compliance.<\/p>\n
In 2022, the F1 teams had a [budget cap of 146 million euros](\/f1\/actualite\/29173-quel-budget-doivent-respecter-les-equipes-de-f1-en-2023.html). This season, that amount has increased to approximately 155 million.<\/p>\n","protected":false},"excerpt":{"rendered":"
The International Automobile Federation issued a statement today indicating that the 10 Formula 1 teams have complied with cost cap rules in 2022.<\/p>\n","protected":false},"author":115,"featured_media":32408,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[1,1749],"tags":[370],"class_list":["post-2579","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-f1","category-news","tag-fia"],"acf":[],"yoast_head":"\n