Honda, the engine supplier for reigning world champions Red Bull, and Alpine, the manufacturer for the Renault-owned F1 team, are both said to have cooperated fully with the FIA\u2019s investigation.<\/p>\r\n\r\n
In a statement, the FIA emphasised that neither company had exceeded the cost cap but had instead made administrative errors while submitting their financial information.<\/p>\r\n\r\n
\"The CCA confirms that although Alpine Racing SAS and HRC have both been found to be in Procedural Breach, neither have exceeded the Cost Cap level. Both Alpine Racing SAS and HRC have acted at all times in good faith and are currently cooperating with the CCA to finalise the matter.\"<\/p>\r\n\r\n
Under this agreement, the parties acknowledge their mistakes and agree to a sanction, which is likely to be less severe than for financial overspending.<\/p>\r\n\r\n
A Honda spokesperson responded to the announcement by saying, \u201cIt was a simple procedural mistake and not at all intentional. Furthermore, even including this procedural error, we have not exceeded the cost cap.\u201d<\/p>\r\n\r\n
Alpine also addressed the breach, stating, \u201cThe breach in question is directly in relation to Alpine Racing SAS (Viry-Chatillon) and relates to an administrative issue, and is in no way associated with financial overspending. We acknowledge and accept the findings of the review process and remain in regular dialogue with the FIA to ensure future compliance.\u201d<\/p>\r\n\r\n
Last year marked the first time the cost cap was extended to engine manufacturers, having previously applied only to team chassis development.<\/p>\r\n\r\n
In 2022, Red Bull was found guilty of overspending by more than \u00a31.8 million during the first year of the cap\u2019s implementation, leading to a $7 million fine and a 10% reduction in permitted aerodynamic testing time. That same year, Aston Martin committed a procedural breach similar to Honda and Alpine\u2019s and was fined $450,000.<\/p>\r\n\r\n
Last year marked the first time the cost cap was extended to engine manufacturers, having previously applied only to team chassis development.<\/p>\r\n\r\n
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