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F1 teams have agreed a budget cap for operational spending in 2011 and beyond, according to an Italian media report.
Earlier this week, we reported that team bosses discussed the so-called Resource Restriction Agreement in Singapore last weekend.
There are signs that, despite the cost-cutting pact negotiated at the end of the 2009 political war, some teams - notably the new and independent ones - are still struggling financially.
Italy's Autosprint reports that a new operational budget limit was therefore agreed within the FOTA group, with engine and transmission costs not included.
The report said teams may no longer spend any more than €20m each on operational elements, while team staff numbers have been capped at 415.
Earlier this week, we reported that team bosses discussed the so-called Resource Restriction Agreement in Singapore last weekend.
There are signs that, despite the cost-cutting pact negotiated at the end of the 2009 political war, some teams - notably the new and independent ones - are still struggling financially.
Italy's Autosprint reports that a new operational budget limit was therefore agreed within the FOTA group, with engine and transmission costs not included.
The report said teams may no longer spend any more than €20m each on operational elements, while team staff numbers have been capped at 415.