Alpine and Honda fined for breaching financial regulations
The FIA has confirmed that two F1 engine manufacturers, Honda and Alpine have been fined for breaching cost cap ,with both companies have been found to be in procedural breach of the power unit financial regulations.
On 11th September, the FIA confirmed that its Cost Cap Administration has completed its review of the Reporting Documentation in respect of the reporting period that ended on 31 December 2023, submitted by each F1 team that participated in the 2023 FIA Formula One World Championship and by each power unit manufacturer registered to supply the new generation of PU that will be introduced from 2026.
2023 is the third year of implementation of the Financial Regulations for F1 Teams and the first year of implementation of the Financial Regulations for PU Manufacturers.
The FIA has not confirmed that Honda and Alpine have entered into “accepted breach agreements” of the Power Unit Financial Regulations.
Honda must pay $600,000 and Alpine must cough up $400,000 for the rule break.
The FIA noted: "Following the submission of all required documentation by the six Power Unit Manufacturers registered to supply Power Units for the 2026 season onwards, the Cost Cap Administration carried out the first ever review process under the FIA Formula 1 Power Unit Financial Regulations (“Power Unit Financial Regulations”) and published its findings on 11th September 2024.
"Alpine Racing SAS (“Alpine”) and Honda Racing Corporation (“HRC”) were found to be in Procedural Breach of the Power Unit Financial Regulations notwithstanding the fact that their Relevant Costs during the 2023 reporting period were under the Cost Cap.
"The Cost Cap Administration offered to both Power Unit Manufacturers (“PUMs”) an Accepted Breach Agreement (“ABA”) to resolve these matters. The offer was accepted by both PUMs.
"The Cost Cap Administration recognised that both PUMs 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, that this is the first year of the full application of the Power Unit Financial Regulations and that there is no accusation or evidence that either Alpine or HRC has sought or obtained any undue advantage as a result of the breach.
