Todt determined to reduce costs in F1

FIA president Jean Todt says the governing body is intent on ensuring that costs are kept under control in Formula 1, amid concerns from some teams about a ramp up in expenditure for 2014. With outfits bracing themselves for a likely increase in the money needed for customer engine deals for the new V6 turbos from 2014, there have been some suggestions that the less well-financed outfits may struggle to find more money amid the current worldwide financial turmoil

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