Coronavirus: Formula One approves cost-cutting measures for 2021

Amid the coronavirus pandemic, the FIA has approved Formula One's cost-cutting proposals with 2021 season's budget cap lowered to to $145m.

Published : May 28, 2020 11:31 IST

Teams finishing lower in the constructors' championship, will be allowed to use more wind tunnel timo to develop their car the following year.
Teams finishing lower in the constructors' championship, will be allowed to use more wind tunnel timo to develop their car the following year.
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Teams finishing lower in the constructors' championship, will be allowed to use more wind tunnel timo to develop their car the following year.

Formula One's cost-cutting measures have been approved by the FIA amid the coronavirus pandemic.

After a vote of the World Motor Sport Council on Wednesday, the cost cap for 2021 will be lowered from $175million per year to $145m, "with further reductions in the following years".

The 2020 F1 season is yet to get underway due to COVID-19, which has killed more than 356,000 people worldwide.

Also agreed on Wednesday was that the lower a team finishes in the constructors' championship, the more wind tunnel time they will be allowed to use to develop their car the following year.

The FIA also approved a measure to limit downforce on the 2021 cars.

Other changes include:
- Several components, including the chassis and gearbox, have been frozen between this year and 2021, with a token system allowed for a very limited number of changes including McLaren's switch to Mercedes power.
- A limitation on the number of upgrades a power unit manufacturer can make over a season, beginning in 2021.
- A minimum weight increase of 3kg to 749kg, from next year.
- Provisions made for "open" and "closed" events this year amid COVID-19 with mass gatherings banned in several countries.

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