P1racenews AI automatic summary:
F1 teams granted cost cap break Ferrari calls ‘dangerous’
Formula 1 teams, including Williams, have been granted an increased capital expenditure (CapEx) allowance under the cost cap regulations. This rule change allows teams to spend an extra $20 million in 2024, a change that Ferrari’s Fred Vasseur considers “dangerous”. James Vowles, the team principal of Williams, has been advocating for an increase in the CapEx allowance. The changes allow teams to spend between $6 million and $20 million extra, depending on their existing facilities, in order to reduce the deficit to bigger teams. While Vowles sees this increase as a step in the right direction, he acknowledges that Williams still has a significant amount of change and investment to undertake. Overall, this adjustment to the financial regulations aims to address the disparity between teams and their spending capabilities.
Source: The Race
