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Friday, 31 October 2014 17:50

Formula One urged to cut costs as teams fail Featured

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Sauber principal Monisha Kaltenborn has urged Formula One's decision makers to act in the sport's best interests and tackle a looming crisis after two teams went into administration in the space of a week. Speaking after the governing FIA said the predicament of Marussia and Caterham showed the need for cost-cutting measures, Kaltenborn said she was 'beyond frustration' with how the situation had developed.

"It's one thing to just talk about this terrible scenario that some teams are not going to be there but for the sport and the people responsible for the sport to have let it come that far is extremely disturbing," she told reporters at the U.S. Grand Prix on Thursday. "Some stakeholders and people are just not willing to understand where the problem lies," added the Indian-born principal, whose own Swiss-based team is facing considerable financial challenges.

Read 2357 times Last modified on Friday, 31 October 2014 18:31
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