Sources in the Italian media are reporting that the Formula One teams have agreed to further operational budget cuts for the 2011 season and beyond.
Despite budget caps being negotiated after the FIA-FOTA war in mid-2009, it would seem that some teams – most notably the privateer and rookie outfits – could still be struggling to stay afloat.
Italy’s Autosprint is reporting that the FOTA-aligned teams have agreed to further budget restrictions – excluding engine and transmission costs – capping operational costs at €20 million and staff numbers at 415 team members.
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