P1racenews AI automatic summary:
FIA announce outcome of cost cap review following breach rumours
The FIA has announced the findings of their recent cost cap investigation amidst speculation of a team exceeding the 2024 F1 spending limits. Aston Martin took responsibility for a minor procedural breach last week, while rumors suggested another team may have overspent. The FIA confirmed that nine teams and five engine manufacturers complied with the financial regulations, with only Aston Martin facing a procedural breach. Red Bull previously faced penalties for overspending, overshadowing Max Verstappen’s 2022 title win. Despite the breach, Red Bull’s performance wasn’t believed to have been affected, prompting Lewis Hamilton to voice dissatisfaction over the lack of significant consequences.
