P1racenews AI automatic summary:
Aston Martin has escaped punishment after a minor cost cap irregularity when submitting its account to the FIA for the 2024 F1 season.
RacingNews365 has confirmed that Aston Martin is one of the two F1 teams breaching the FIA cost cap for the 2024 season. The team’s accounts were submitted on time but lacked the auditor’s signature due to unforeseen circumstances. Despite this, the FIA showed understanding towards Aston Martin’s position and decided not to penalize them for the minor irregularity. The cost cap was introduced in 2021 to limit team spending to $135 million annually, adjusted for inflation to around $150m-$160m. Areas such as marketing are excluded from these financial restrictions, and the cost cap infringement is not Aston Martin’s first, as they previously faced a procedural breach in 2022 and were fined $450,000.
