The FIA has confirmed it is actively seeking to implement cost-control measures for the 2013 season in a bid to see all 12 teams competing on a more level field. The governing... read more »

A new clampdown on spending in Formula 1 is being assessed by the FIA, with the governing body confirming that 'active discussions' are now taking place with... read more »

FIA president Jean Todt says the governing body is intent on ensuring that costs are kept under control in Formula 1, amid concerns from some teams about a ramp up in... read more »

Formula One teams are yet to reach a definite deal on reducing their expenditure, according to Christian Horner... read more »

The average expenditure of an F1 team has been almost halved since 2009 thanks to FOTA's Resource Restriction Agreement - but one competitor's budget still dwarfs... read more »