P1racenews AI automatic summary:
FIA issue official statement as TWO teams guilty of cost cap breach
The FIA, which stands for the Federation Internationale de l’Automobile, has confirmed that two teams in Formula 1 have been found guilty of violating the cost cap regulations. This marks a significant development in the sport as teams are now required to adhere to a strict budget limit. The FIA’s decision underscores their commitment to enforcing fair competition and financial sustainability in Formula 1. Teams found guilty of breaching the cost cap regulations may face penalties or sanctions. The announcement has sparked discussions within the Formula 1 community about the implications of these violations on the sport’s future. The FIA’s actions aim to create a level playing field and uphold the integrity of the sport.
