Jan.9 (GMM) A Heathrow hotel on Thursday was the scene of more moves by formula one teams to continue to cut spending costs
In a joint press release, the so-named FOTA alliance said unanimous agreement was reached on matters including aerodynamic test restrictions for 2009, which is believed to govern a reduction in wind tunnel usage
It was also agreed that low-cost, long-life and development-frozen transmissions will be designed for 2010, while a working group will identify which components and systems can be made cheaper
“All of the teams are committed to working together in a rational and systematic manner … to effectively reduce the costs inherent to formula One,” the statement said
FOTA said the same approach will now be used to improving “the spectacle of the sport”
