While teams are free, provided the other sports do not have similar restrictions in place, to bring knowledge gained within F1 to non-F1 activities, there is a concern within FIA that if the reverse were true, that could give a team a competitive advantage. Mercedes has an Applied Science division which develops technology for the INEOS Britannia America’s Cup team, where Mercedes is a partner. For example, Ferrari just returned to 24 Hours of Le Mans and won in their comeback to one of motorsport’s Triple Crown events. McLaren, Mercedes, Red Bull, Aston Martin, and Ferrari are the most notable. Many teams have engineering divisions outside of F1.
At issue? Potential grey areas regarding teams and their non-F1 activities. According to this report from The Race, TD45 comes into play with “immediate effect” and is backdated to the beginning of the 2023 calendar year. That leads us to Technical Directive 45, reportedly issued by FIA in recent days. However, where there are rules and regulations, there are potential loopholes, and lawyers looking to find them. Aston Martin was fined for a “ procedural breach,” while Red Bull was both fined, and hit with a reduction in their aerodynamic testing allowance, for both a “procedural breach” as well as a “minor” overspend above the cost-cap limit. Last fall, the first penalties were announced under the new cost-cap regulations following FIA’s review of each team’s spending during the 2021 F1 season.
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The full cost-cap regulations, which you can review here, aim to to “promote the competitive balance of the Championship, promote the sporting fairness of the Championship, and ensure the long-term financial stability and sustainability of the F1 teams.” Implemented for the 2021 season, the F1 cost-cap aimed to equal the playing field in the sport by limiting the amount of money teams could spend during a calendar year. Racer Media & Marketing, Inc., 17030 Red Hill Avenue, Irvine, CA 92614, there be more cost-cap drama on the horizon for Formula 1? Your use of this website constitutes acceptance of our Privacy Policy and Terms & Conditions. This material may not be published, broadcast, rewritten or redistributed in any form without prior authorization. “This sale was a historic moment not only for Gooding & Company, but for the McLaren legacy and the entire industry as a whole.”Īll contents copyright © 2023, Racer Media & Marketing, Inc. “We were incredibly proud to present this exceptional McLaren F1, and tonight, the market confirmed the sheer prowess of this unparalleled supercar from one of the most legendary names in motoring,” said Gooding & Company President and Founder, David Gooding. To this day it remains the fastest naturally aspirated production car with a top speed of 240mph - helping to cement its status as one of the most desirable of all collector cars. Only 106 of the iconic three-seater, V12-engined F1 road cars were produced between 1992 and ’98, with just 64 being completed to original road car specification. This distinctive exterior is complemented by a Light Tan and Dark Brown leather upholstery inside the three-seater cockpit. This 1995 model was the 25th road car built and the only one finished in a stunning one-off color, named Creighton Brown, after one of the executives who was instrumental in establishing the fledgling McLaren Cars company. Carefully maintained and rarely driven, the car was in pristine and original condition down to its date coded Goodyear Eagle F1 tires and came complete with its original FACOM tool chest, fitted luggage, titanium tool kit, official “Driving Ambition” book, and special TAG Heuer watch. Only an example that had been converted at the McLaren Special Operations Woking factory to ultra-rare LM specification has come close in the recent past, selling for $19.8m in 2019.Ĭhassis 029, which has rarely been seen in public, having spent most of its existence hidden away in a private Japanese collection, attracted spirited bidding as it crossed the Gooding & Company auction block in Monterey. With less than 243 miles on its odometer, this spectacular example of the F1 was sold in its “as delivered” state and surpassed the previous record for a McLaren F1 road car of $15.62m set in 2017. A unique “time capsule” McLaren F1 road car has set a record auction price of $20.465 million at Gooding & Company’s Pebble Beach Auctions on Friday night.
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