For the 2023 F1 season, the FIA implemented a cost cap of $ 95 million for the power unit manufacturers, which coexists with the cost cap for the manufacturers first introduced for the 2021 season. Accordingly, this year marked the first year the Power Unit Manufacturers had to submit documentation for the 2023 reporting period for review by the Cost Cap Administration. The documentation from the Manufacturers was submitted in April 2024. The evaluation results by the Cost Cap Administration were announced in September 2024, with none of the teams having been found to have exceeded the cost cap.
While not in breach of the cost cap, power unit manufacturers Honda and Alpine have been found to be in procedural breach of the Power Unit Financial Regulations. Following the announcement of the breach, both teams were offered the chance to enter an Accepted Breach Agreement.
Today, the FIA announced that Honda and Alpine have entered an Accepted Breach Agreement for their respective procedural breaches, with the Cost Cap Administration acknowledging that it was the first year the Power Unit Financial Regulations have been applied and that both Honda and Alpine have “acted cooperatively and in good faith throughout the review process” and “ have sought to provide additional information and evidence when requested in a timely manner.”
Honda entered the Agreement, committing to pay a fine of USD 600,000 for having filed a report that “included incorrect excluded and/or adjusted costs in the calculation of its relevant costs.”
On the other hand, Alpine will pay a penalty of USD 400,000, conceding that their assessment report contained “significant deficiencies” as “several required procedures had not been performed at all, and several other procedures had only been partially completed.”
Additionally, both teams are required to pay the administrative fees of the Cost Cap Administration that investigated the breaches. The fines have to be paid by the teams within 30 days.
