FIA: 9 F1 teams, 5 PUs compliant with 2024 cost cap, AMR breach

The FIA on Tuesday said nine Formula 1 teams and all five power unit manufacturers were found to have complied with the championship's 2024 cost cap, while Aston Martin was identified as having committed a very minor procedural breach. The governing body said the Accepted Breach Agreement between Aston Martin and the FIA's Cost Cap Administration was entered into on September 29 and that the review of 2024 reporting documentation, a process that lasted about seven months, is now complete.

The FIA said the procedural breach did not involve any overspending and originated from unpredictable circumstances outside the team's control. The administration found that Aston Martin had failed to submit fully signed final documentation by the March 31 deadline because an essential auditor signature was missing; that signature was added at the earliest opportunity. The Cost Cap Administration offered an Accepted Breach Agreement, which the team accepted, and concluded that there is no accusation or evidence Aston Martin sought or obtained any undue advantage from the breach. In a statement the FIA added, "No financial penalties were levied to AMR due to these exceptional and unpredictable...