Only Aston Martin committed a minor procedural violation in 2024; all other teams complied with the financial rules last year.
All Formula 1 teams can breathe a sigh of relief: Following recent rumors that another team besides Aston Martin may have violated Formula 1 financial rules in 2024, the FIA confirmed on Tuesday that there were no further violations.
A press release states: “Nine Formula 1 teams have been found to be compliant for 2024.” It had already been announced that Aston Martin had violated the cost cap. However, this was merely a procedural violation. The FIA has now announced that Aston Martin “committed a procedural violation, but did not exceed the cost cap and that the violation was very minor in nature.”
It also clarifies: “It was caused by unforeseeable circumstances beyond the control of the Formula 1 team.” A further statement says that Aston Martin “acted cooperatively and in good faith throughout the review process.”
Aston Martin avoids financial penalty
Aston Martin, referred to in these proceedings as AMR in reference to its parent company AMR GP Ltd, entered into an Accepted Breach Agreement (“ABA”) on September 29, i.e. one month ago, thereby accepting its own breach.
The FIA’s Cost Cap Administration (“CCA”) stated: “Due to these exceptional and unforeseeable circumstances, no financial penalties have been imposed on AMR.”
“In addition, the Cost Cap Administration confirmed that there is no allegation or evidence that AMR sought or gained an unfair advantage through the breach,” it continued.
All five engine manufacturers participating in the 2026 Formula 1 season are also subject to their own cost cap. The FIA also states: “All five engine manufacturers have been found to be compliant for 2024.”
It goes on to say: “The FIA confirms that all Formula 1 teams and all engine manufacturers have provided their full support in providing the necessary information. The CCA notes that all teams and manufacturers acted in good faith and cooperatively throughout the process.”
According to the FIA, the review process took a total of seven months. The documents for the past year 2024 had to be submitted by the end of March 2025.
