Aston Martin acknowledges minor 2024 cost cap breach, no penalties

Aston Martin has acknowledged a minor procedural breach of Formula 1's cost cap for the 2024 season, signing an Accepted Breach Agreement after an administrative error in its audited submissions, officials and team sources said. The omission, reportedly the absence of a required signature on accounts filed by the March 31 deadline, was corrected and the paperwork refiled. The team’s spending was below the published cap, and no financial or sporting penalty is understood to have been imposed beyond administrative costs.

The admission comes as the FIA continues to finalise its review of cost cap submissions from all teams and power unit manufacturers, a certification process that has been delayed beyond its usual autumn timetable. The governing body said, "The FIA's Cost Cap Administration is in the process of finalising the review of the 2024 submissions from Teams and Power Unit Manufacturers, the result of which is expected to be communicated shortly. The FIA does not comment on individual submissions made by specific Teams and/or Power Unit Manufacturers and, as per established practice, the results of the review will be made public once assessment of all submissions are...