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FIA release statement on cost control 07 Oct 2008

FIA Flag.
Formula One World Championship, Rd 9, British Grand Prix, Race, Silverstone, England, Sunday, 6 July 2008

Following a meeting in Paris on Tuesday, the World Motor Sport Council (WMSC) issued the following statement:

“The WMSC unanimously agreed to give the FIA President authority to negotiate with the Formula One Teams Association (FOTA) the introduction of radical measures to achieve a substantial reduction of costs in the championship from 2010.

“Failing agreement with FOTA, the FIA will enforce the necessary measures to achieve this goal.

“It was further unanimously agreed to allow Formula One teams to equalise engine performance across the field for 2009, pending the introduction of cost-saving measures from 2010.”