Formula E confirms financial regulations breach by teams

Formula E confirms financial regulations breach by teams

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Jaguar TCS Racing and Nissan FIA Formula E teams have been found to have breached the sport’s financial regulations. An announcement by the FIA concluded that Nissan had been fined €300,000 for a breach of two percent (€269,252), with Jaguar fined €100,000 for an overspend of £73,849, just 0.6 percent. An additional penalty is that […]

Nissan was fined €300,000 by the FIA for breaching the cost cap by 2 percent, while Jaguar was fined €100,000 for overspending by 0.6 percent. Both teams will be suspended from running for half of the opening day of the upcoming pre-season test in Valencia on November 4th. Both teams cooperated throughout the review process, with no evidence of deliberate wrongdoing. Nissan acknowledged its minor breach and has taken steps to prevent future errors. Jaguar stated that their overspend was due to procedural errors and that they did not seek any advantage. The FIA and Formula E teams are working together to ensure compliance with the cost cap regulations. Jaguar unveiled a special livery for the Valencia test to celebrate their past successes in the championship.

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