Governing body FIA increases voluntary F1 cap for 2010 to $59 million – Minneapolis Star Tribune
PARIS – Formula One’s governing body raised a voluntary budget cap to $59 million Thursday, banned refueling during races and opened the starting grid to an additional three teams from 2010. The World Motor Sport Council said the teams that sign up

Whitmarsh unhappy with two-tier F1 – Pitpass
In reaction to the WMSC’s proposals earlier today, McLaren boss Martin Whitmarsh has echoed the sentiments of fellow-F1 team boss Frank Williams . “As a member of FOTA, Vodafone McLaren Mercedes is of course supportive of FOTA’s recent efforts to

Motorsport: F1 bosses reveal cost-cutting rule changes – New Zealand Herald
Formula One’s ruling body, the FIA, yesterday laid out its plan for a dramatic rebirth of the sport under budget cost-capping. At an extraordinary meeting of the World Motor Sport Council in Paris, the FIA president, Max Mosley, pushed through an

F1 set for sweeping changes – Channel 4 News
Formula One is facing sweeping changes following the announcement of a 40 million budget cap per team for next season. At Wednesday’s meeting of the World Motor Sport Council in Paris, a decision was taken to increase the cap by 10 million from

Voluntary F1 cap pushed to $59 million – Boston Globe
PARIS Formula One’s governing body raised a voluntary budget cap to $59 million Thursday, banned refueling during races and opened the starting grid to an additional three teams from 2010. The World Motor Sport Council said the teams that sign up

KERS to give cost-capped F1 teams twice the boost – Reuters UK
LONDON (Reuters) – Formula One teams agreeing to race under a strict cost cap in 2010 will be allowed to use a KERS system twice as powerful as that used by rivals on unlimited budgets. The International Automobile Federation (FIA) published the 2010

F1 set for expansion – Ananova
Formula One is poised to become a 26-car championship next season for which a 40million budget cap has been imposed. Following Wednesday’s meeting of the World Motor Sports Council in Paris, it was agreed the maximum number of cars permitted to

FIA, FOTA in battle of wits – Daily News and Analysis
MUmbai: “No comments,” was the common refrain from most of Formula One teams in reaction to World Motor Sports Council’s (WMSC) decision to introduce an optional budget cap of 40 million pounds from next year. The reaction was obvious considering

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