GP-News.net

  • F1 News
  • F1 races
    • Formula 1 Singapore GP
    • Formula 1 United States GP
    • Formula 1 Mexican GP
    • Formula 1 Brazilian GP
  • F1 teams
    • McLaren
    • Red Bull
    • Ferrari
    • Mercedes
    • Aston Martin
    • Alpine
    • Haas
    • RB
    • Williams
    • Kick Sauber
    • Cadillac
  • F1 drivers
    • Max Verstappen
    • Lewis Hamilton
    • George Russell
    • Lando Norris
    • Oscar Piastri
    • Charles Leclerc
    • Carlos Sainz
    • Sergio Perez
    • Fernando Alonso
    • Lance Stroll
    • Alex Albon
    • Franco Colapinto
    • Kevin Magnussen
    • Nico Hulkenberg
    • Esteban Ocon
    • Pierre Gasly
    • Yuki Tsunoda
    • Valtteri Bottas
    • Zhou Guanyu
    • Oliver Bearman
    • Kimi Antonelli
    • Gabriel Bortoleto
    • Jack Doohan
    • Isack Hadjar
  • F1 legends
    • Ayrton Senna
    • Michael Schumacher
    • Alain Prost
    • Niki Lauda
    • Sebastian Vettel
  • F1 interviews
  • F1 videos
  • F1 history
  • Advertise
  • F1 store
  • Home
  • Formula 1 results and calendar
  • Formula 1 Driver Standings
  • Formula 1 Constructor Standings
Home » Alpine and Honda sign agreement with FIA over procedural F1 budget cap violations

Alpine and Honda sign agreement with FIA over procedural F1 budget cap violations. Alpine and Hond committed minor infractions and reached an agreement with the federation..

Alpine 2024 F1 car

Alpine and Honda have reached an agreement with the international federation regarding procedural budget cap violations they were accused of for the 2023 Formula 1 season. The FIA announced the news, emphasizing that the irregularities by the two power unit manufacturers were minor and committed in good faith, while keeping their relevant costs within the spending cap limit for the reporting period considered.

“The Cost Cap Administration offered both manufacturers an Acceptance of Breach Agreement (“ABA”) to resolve these matters,” reads the FIA’s official statement, “an offer that was accepted by both parties. The Cost Cap Administration recognized that both power unit manufacturers cooperated and acted in good faith throughout the entire review process and promptly sought to provide additional information and evidence when requested.” Further leniency was given due to this being the “first year of full application of the financial regulations for power units, with no accusations or evidence suggesting that Alpine or HRC sought or gained any undue advantage as a result of the violation.”

Honda was fined $600,000 (460,000 pounds), while Alpine was ordered to pay $400,000 (307,000 pounds). Both manufacturers have 30 days to pay the fines. Honda had “included incorrect costs that were excluded and/or adjusted in the calculation of its relevant costs” for the cap, including costs related to dynamometer maintenance and inventory. Alpine “submitted reporting documentation for the 2023 reporting period that was inaccurate as it omitted relevant information,” according to the FIA’s Cost Cap Administration commission.

Oct 29, 2024Mark Robinson
Helmut Marko dampens enthusiasm of Sergio Perez’s father: "With all due respect to a father, but.."Mika Hakkinen expects McLaren progress: "The team has reached consistency"
You Might Also Like
 
PHOTO – Flavio Briatore spoils Alpine’s new livery on social media
 
McLaren at risk: team led by Andrea Stella misses out on more points as Ferrari closes in

Leave a Reply Cancel reply

Mark Robinson

Mark Robinson has been following Formula 1 since childhood and brings a wealth of knowledge about the sport's history and evolution

6 months ago Alpine, F1 News2024 Formula 1 season, Alpine, FIA6

Ferrari F1 latest news and updates

Recent Posts

  • Max Verstappen skips F1 movie premiere: “I preferred time with family”
  • Max Verstappen cautious ahead of Monaco: “It won’t be easy on the kerbs”
  • Kimi Antonelli on home GP pressure: “Didn’t manage my energy, now I know what to change”
  • Adrian Newey begins trackside duties with Aston Martin in Monaco
  • George Russell expects unpredictable Monaco GP despite Mercedes qualifying edge

Mercedes F1 news

Partners

ScuderiaFans - Ferrari news and updates

Contact us

About us

Our writers

Privacy Policy

Advertise with us

© 2024 GP-News Ltd. All Rights Reserved
GP-News Ltd, 199 Republicii Street, 5A
Ploiesti, Romania, 100392

@ Copyright 2024 GP-News.net | All Right Reserved