Scandal Unveiled: Jaguar and Nissan Exceed Formula E Budget Cap Limits

Scandal Unveiled: Jaguar and Nissan Exceed Formula E Budget Cap Limits

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Jaguar and Nissan have both been punished for breaching the 2022-23 budget cap.

Both Jaguar and Nissan will miss the first half of Formula E pre-season testing due to breaching the 2022-23 budget cap, resulting in a partial testing ban and fine according to the FIA. The budget cap in FE is set at £11,634,213, with Nissan overspending by 1.96% and Jaguar by 0.6%. The FIA acknowledged that both teams cooperated in the review process and provided requested information in a timely manner. The statement clarified that there is no evidence of intentional wrongdoing or dishonesty from Jaguar and Nissan, as this is the first year of full application of the Financial Regulations. The article promises updates on the situation.

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