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P1racenews AI automatic summary:
FIA issue official F1 cost cap statement as MULTIPLE breaches confirmed
The FIA has officially announced a cost cap for the 2023 F1 season. They have also confirmed two breaches of this new regulation. The teams will need to adhere to the set budget in order to compete in the championship. This move aims to create a more level playing field for all participants. Teams will need to reassess their financial strategies to comply with the new rules. The FIA’s decision is expected to have a significant impact on the dynamics of the sport.
