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FIA makes surprising revelation in its 2024 F1 Cost Cap Compliance report

On Tuesday the International Automobile Federation confirmed all 10 Formula 1 teams complied with the 2024 championship cost cap, noting Aston Martin Racing committed a very minor procedural breach.
Failure to file signed audited annual financial statements by the March deadline triggered the procedural finding, which the International Automobile Federation said resulted from unpredictable circumstances outside Aston Martin Racing's control.
Last month Aston Martin Racing and the FIA entered an Accepted Breach Agreement under Article 6.28 of F1 financial regulations to resolve the matter.
There will be no sanctions, the FIA confirmed Aston Martin Racing will face no penalties and had not exceeded the cost cap, contrasting with the Red Bull 2021 overspend that triggered a $7 million fine and a 10% reduction in wind tunnel and CFD testing.
After late FIA publication of 2024 accounts, Tuesday confirmed all five engine manufacturers—Mercedes, Honda, Renault, Ferrari, and incoming Audi project—met the cost cap.

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F1: Aston Martin escapes sanctions after ‘very minor’ F1 cost cap breach

Aston Martin committed a “very minor” procedural breach of Formula One’s cost cap regulations last year due to exceptional circumstances but will face no penalties, the sport’s governing body said on Tuesday.

1 month ago·India

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ESPN

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ESPN UK

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Aston Martin noted for minor FIA cost cap 'breach'

Formula 1's 10 teams all successfully obliged with the championship cost cap in 2024, the FIA has confirmed, although Aston Martin has been noted for a minor "procedural breach."

1 month ago·United States

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The Star Kuala Lumpur

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Motor racing-Aston Martin escape sanctions after 'very minor' F1 cost cap breach

LONDON (Reuters) -Aston Martin committed a "very minor" procedural breach of Formula One's cost cap regulations last year due to exceptional circumstances but will face no penalties, the sport's governing body said on Tuesday. Read full story

1 month ago·Malaysia

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Sportskeeda

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FIA makes surprising revelation in its 2024 F1 Cost Cap Compliance report

The FIA has finally released its 2024 F1 Cost Cap Compliance report, in which nine teams were found to comply with the regulations, with Aston Martin having committed a "procedural breach.

1 month ago

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De Telegraaf

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Fia Confirms: All Formula 1 Teams Adhered to Budget Ceiling in 2024

The FIA announced on Tuesday that all ten Formula 1 teams adhered to the budget cap in 2024. The only procedural violation was committed by Aston Martin.

1 month ago·Amsterdam, Netherlands

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