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The FIA are looking into introducing a new penalty system for power unit component allocation offences, in order to replace the existing grid penalty system, TheFOXposts.Com understands. A long-standing issue for fans has been the current penalty system used to punish a driver for using too many power unit components in a season. As a way of reducing costs, teams are given a set allocation of power unit components which can be used over the course of the season. Drivers are handed grid penalties for every additional component they use above this allocation. However, if a team has an early indication that they are likely to exceed the component limits, then they will often take tactical penalties at circuits which are more suited to overtaking, such as Spa-Francorchamps or Monza, to allow for an easier recovery from a lower grid position. With some Grands Prix seeing several drivers taking the tactical penalties, this has often led to F1 starting grids looking completely...

One of the biggest stories of the 2022 Formula 1 season actually dates back to the year prior, when for the first time a cost cap was introduced. The results of the auditing from the FIA for the 2021 accounts revealed that three teams committed breaches of the cost cap, with Red Bull committing the biggest offence by overspending on the $145 million budget. As a result, the team was punished with a $7 million fine and must forfeit 10% of its aerodynamic development allowance. F1 Chief Executive Officer, Stefano Domenicali, spoke to Gazzetta dello Sport about the saga and the positive step it has made towards bringing in financial stability. "Let's take a step back first. The introduction of the budget cap is a positive step. We needed more financial stability in the sport. We are talking about a reality where before only sporting and technical regulations existed," he said. “The introduction of the financial variable is not without fits and starts. That i...