Teams agree on testing reduction 10 Nov 2004
At least nine of the ten Formula One teams plan to reduce their testing activity by 50 percent in 2005, as part of an initiative to dramatically reduce the cost of competing in the sport.
The reduction was agreed at a meeting of team bosses in London on Tuesday. All teams were represented except Ferrari, who were unable to attend due to prior commitments.
Under the voluntary agreement, the teams concerned will limit their testing to 24 days per year, slightly more than the 10 days originally outlined in a package of proposed measures revealed in Brazil last month.
There has been no official reaction from Ferrari yet on the 24-day plan.
See also: Teams present cost-cutting initiative