P1racenews AI automatic summary:
The FIA has fined both Honda and Alpine for procedural breaches in accordance with the yearly Formula 1 cost cap for the 2023 season. The cost cap, which limited sides’ spending to $135 million in the last campaign, was adhered to by all of the F1 teams last term. However, the governing body found that […]
In the last F1 campaign, all teams adhered to the $135 million spending limit set by the cost cap. However, the governing body found that Japanese and French teams did not follow necessary procedures. This is the first year that engine manufacturers have had to operate under cost cap measures, and the FIA has decided to be lenient. Both Honda and Alpine accepted a “Procedural Breach of the Power Unit Financial Regulations” and paid fines to the FIA. Honda paid $600,000, and Alpine paid $400,000. The FIA acknowledged the cooperation and good faith shown by both teams throughout the process.
