Apr 10, 2013, 11:00 AM EDT
Red Bull team principal Christian Horner has reiterated his opposition to placing a cap on teams’ spending in Formula One.
During the Malaysian Grand Prix weekend Horner said “We have been talking about a budget cap for about five years now. The hardest thing in the world is to police what a company spends”.
The idea of a budget cap in F1 was first raised by former FIA president Max Mosley in 2008. He attempted to introduce on in 2010 but the plan was scrapped amid objections from the teams.
The teams imposed spending limits of their own through a Resource Restriction Agreement agreed by them within the Formula One Teams’ Association (FOTA). But Red Bull and Ferrari left FOTA at the end of 2011 as they failed to reach agreement on how to apply the RRA.
Horner remains convinced the RRA is unworkable, describing it as “fundamentally flawed” at the last race.
He said it was impossible to place a limit on spending at teams and enforce it because “Ferrari operates in a completely different way to McLaren or Mercedes or Red Bull.”
“The best way to control costs is through stable regulations. For example the biggest impact on Sauber’s costs next year will be a change of regulations with the drive train, so really the most sensible way to contain costs are stable, clear and concise regulations – both sporting and technical.”
Oct 31, 2014, 1:15 PM EDT
Ford drivers take the top three spots in opening Nationwide practice.
Oct 31, 2014, 1:00 PM EDT
Despite exceeding everyone’s expectations in 2014, Valtteri Bottas feels that the team can continue its upward trend next season.
Oct 31, 2014, 12:31 PM EDT
Two-time US GP winner makes the best possible start to his race weekend by topping FP1 in Austin.
Oct 31, 2014, 12:14 PM EDT
Logano’s currently in position to advance to the final battle at Homestead, but he says he’ll stay aggressive this weekend at Texas.
Oct 31, 2014, 12:00 PM EDT
Red Bull takes you behind-the-scenes in the lead-up to this weekend’s United States Grand Prix in Austin, Texas.
Oct 31, 2014, 11:55 AM EDT
Various updates coming to portions of the grid this weekend, starting in FP1.
Oct 31, 2014, 11:21 AM EDT
Mario Andretti takes time out of a busy schedule for fan Q&A for Circuit of the Americas.
Oct 31, 2014, 11:00 AM EDT
Adriana Henao is running to raise money for actor Sean Penn’s J/P Haitian Relief Organization and The Long Run to Haiti.
Oct 31, 2014, 10:45 AM EDT
Watch first practice from COTA live on Live Extra from 11a ET today.
Oct 31, 2014, 10:00 AM EDT
Former Sprint Cup veteran will bring his OneMain Financial sponsorship with him.
Oct 31, 2014, 9:45 AM EDT
After just one year in F1, Kvyat will be replacing four-time world champion Sebastian Vettel at Red Bull next season. Not bad going!
Oct 31, 2014, 9:30 AM EDT
Extreme Speed takes its HPDs to Shanghai for the FIA WEC race.
Oct 30, 2014, 8:00 PM EDT
Romain Grosjean can opt out of Lotus at year’s end if he so desires.
Oct 30, 2014, 6:39 PM EDT
Johnny Sauter was fastest in both NASCAR Camping World Truck Series practices Thursday afternoon at Texas Motor Speedway.
Oct 30, 2014, 6:06 PM EDT
On Thursday’s NASCAR America, Rusty Wallace gave his top five drivers to watch in Sunday’s Sprint Cup race at Texas. Rusty’s pick for the winner? Jeff Gordon.
Oct 30, 2014, 6:00 PM EDT
Spaniard says that his future is not his first priority, and that all of the events of the past few months have gone as planned.
Oct 30, 2014, 5:58 PM EDT
On Thursday’s edition of NASCAR America, Rick Allen and Rusty Wallace discussed what are Carl Edwards’ and Jeff Gordon’s chances Sunday at Texas Motor Speedway.
Oct 30, 2014, 5:30 PM EDT
Sauber team boss has long warned about the problems blighting Formula 1.
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