FIA reveals all 10 F1 teams met 2022 cost cap
During the period from 1 January 2022 to 31 December 2022, every team will be awarded a certificate of compliance for adhering to the cap, which is set at a base of $135 million plus additional expenses. This decision was made to address the controversy surrounding Red Bull’s overspending of approximately $1.8 million last year, resulting in a financial penalty and a 10% reduction in its allotted aerodynamic testing. The FIA thoroughly examined non-F1 activities within each team, conducting on-site visits, and found no breaches of the cap. Further updates will be provided. In the meantime, it remains to be seen if Ferrari’s improved performance at the Italian Grand Prix is a one-time occurrence or indicative of genuine progress in Formula 1.