aston martin issued fine for procedural f1 budget cap breach

The FIA has confirmed Aston Martin’s penalty for a procedural breach of the 2021 budget cap, with the team issued a fine of $450,000.

An Accepted Breach Agreement (ABA) was reached between Aston Martin and the FIA, after it was revealed earlier this month that Aston Martin had breached last year’s cap.

The budget cap was carried out in Formula 1 for the first time last year, with all teams required to operate under a budget of $145 million.

The issues surrounding Aston Martin’s procedural breach lie within 12 separate areas, including costs relating to its new Silverstone factory, a new simulator, wind tunnel fees, catering and even the cost of desks and chairs.

FIA confirms Red Bull penalty for F1 budget cap breach

1 hour ago

Alonso: Stroll penalty for US GP crash is ‘very harsh’

3 hours ago

Aston Martin has accepted that it breached Article 8.2(e) of F1’s Financial Regulations as it did not file accurate Full Year Reporting Documentation in respect of the 2021 Full Year Reporting Period because “the Reporting Documentation submitted by it included incorrect excluded and/or adjusted costs.”

Due to the terms of the ABA, the matter is not subject to appeal by Aston Martin.

The FIA outlined: “The Cost Cap Administration recognised that AMR has acted cooperatively and in good faith throughout the review process and has sought to provide additional information and evidence when requested in a timely manner, that this is the first year of the full application of the Financial Regulations and that there is no accusation or evidence that AMR has sought or obtained any undue advantage as a result of the breach. ”

The penalty was announced soon after Red Bull was also punished for breaching last year’s budget cap.

However, Red Bull was issued a more severe penalty as it was found guilty of a “minor” overspend of the cap, as well as a procedural breach.

The energy drink-backed squad was hit with a much more costly fine, and will have reduced aerodynamic testing in 2023.

Keyword: Aston Martin issued fine for procedural F1 budget cap breach

TECH'S NEWS RELATED

Bespoke Bentley Bacalar receives matching private jet and helicopter

Image: Bentley Image: Bentley Image: Bentley Image: Bentley Image: Bentley Flexjet, a private aviation company has recently overhauled two aircraft to receive the same colour scheme and details as the bespoke Bentley Bacalar, based on the same spec model of the company owner. Image: Bentley Working alongside Bentley Mulliner Design, ...

View more: Bespoke Bentley Bacalar receives matching private jet and helicopter

5 of the Worst Cars to Take on a Road Trip

1. Chrysler PT Cruiser 2. Ford GT 3. First-generation Nissan Leaf 4. Mitsubishi Lancer EVO 5. Jeep Wrangler The worst cars for road trips If you’re planning to go on a road trip, it would be ideal to have a car that’s comfortable, practical, and fuel-efficient. However, not all ...

View more: 5 of the Worst Cars to Take on a Road Trip

Blasphemy! Sports Cars Turned Into Pickup Trucks

Porsche pickups Corvette conversions Audi pickup Mustang Mustero pickups Jaguar conversions BMW trucks Ferrari 412 pickup Mercedes-Benz pickups Pickups are so popular that they spawn their own offshoots. Some, like these Ferrari, BMW, and Porsche cars converted into pickup trucks, might make the purists cringe. But every time we ...

View more: Blasphemy! Sports Cars Turned Into Pickup Trucks

4 Affordable Kia Models That Cost Under $20,000

What is the cheapest new Kia model? 2023 Kia Rio is the cheapest Kia model 2023 Kia Forte is an affordable choice for a compact car 2023 Soul is the cheapest Kia SUV Kia has a successful model lineup, with cars that have stylish designs, good driving dynamics, and ...

View more: 4 Affordable Kia Models That Cost Under $20,000

Philippines To Go 100 Percent EVs By 2040

The Philippines will join the rest of the world in effectively limiting the sale of new internal combustion engined (ICE) cars by 2040. This target was announced by the Department of Energy (DOE) as part of the Comprehensive Roadmap for the EV Industry or CREVI. Set to be issued ...

View more: Philippines To Go 100 Percent EVs By 2040

Twitter to form content moderation council with diverse viewpoints: Elon Musk

Twitter may be under new management and Elon Musk may have stated in the past that he intends to make the social media platform into a place for free speech, but for now, the company’s content moderation policies remain unchanged. Musk had stated that Twitter would be “forming a ...

View more: Twitter to form content moderation council with diverse viewpoints: Elon Musk

Waiting for the 2024 Nissan Kicks Will be Worth It

2022 Nissan Kicks specs and features 2022 Nissan Kicks – Pricing What is wrong with the 2023 Nissan Kicks? You should wait for a 2024 Nissan Kicks The Nissan Kicks is a subcompact crossover SUV that has had its share of success ever since its reveal in 2016. When ...

View more: Waiting for the 2024 Nissan Kicks Will be Worth It

NHRA Nevada Nationals Friday Qualifying Results

Brittany Force, Robert Hight, Aaron Stanfield, Matt Smith grab provisional top spots at The Strip at Las Vegas Motor Speedway.

View more: NHRA Nevada Nationals Friday Qualifying Results

Video: How Tony Stewart Fared in First NHRA Dragster Pass at Las Vegas

Elon Musk’s Twitter takeover prompts prank that fools mainstream media

How the 2023 Ram Rebel Cranks Excitement into Mopar’s 2500 HD Line

Wall.E is jealous, here are 27 photos of the Honda E full-electric hatchback on sale in Malaysia for RM 208k

6 Questions to Remember When Shipping a Car

Hyundai Veloster N Lines Up With VW Golf R For A Hot Hatch Drag Race

Nissan Kicks e-POWER Stars In Philippines' First 3D Billboard

Ford Territory Hits 15,000th Sale Milestone In The Philippines

2023 Honda CR-V Hybrid vs Toyota RAV4 Hybrid: Clash of the Fuel-Sipping CUV Titans

The Smart Way To Build An R34 GT-R

How salary sacrifice makes EVs cheaper

Gang Member Launches Camaro Into Building

OTHER TECH NEWS