P1racenews AI automatic summary:
The FIA has completed its review into the financials of all 10 F1 teams for the 2024 season.
The FIA confirmed that Aston Martin breached the 2024 cost cap procedures after reviewing all 10 teams.
RacingNews365 previously reported that Aston Martin submitted its accounts before the deadline but lacked the auditor’s signature which was beyond their control.
FIA acknowledged the issue and reached an agreement with Aston Martin to address the breach.
Speculations regarding a team exceeding the cost cap were dismissed as FIA verified compliance for all teams except Aston Martin.
The review process spanned seven months and involved thorough assessment of financial and technical aspects, with full cooperation from teams and power unit manufacturers.
Additionally, FIA disclosed that all five power unit manufacturers complied with the financial regulations in the previous year.
