FIA, Formula 1 and all teams agreed to postpone a major change to the technical regulations, which should have been in force from 2021, but will be postponed to 2022 due to the current COVID-19 situation.
The decision came after a group call involving all F1 team chiefs, Formula 1 CEO Chase Carey, sporting director Ross Brawn and FIA president Jean Todt.
“Following unanimous agreement between the FIA, Formula 1 and all teams, the implementation of the Technical Regulations due to take effect from the 2021 season will be postponed until 2022,” FIA said in their press release.
“All parties further discussed the current situation of the 2020 championship and how the sport will react to the ongoing challenges caused by the COVID-19 pandemic.”
“Due to the currently volatile financial situation this has created, it has been agreed that teams will use their 2020 chassis for 2021, with the potential freezing of further components to be discussed in due course.”
“The introduction and implementation of the Financial Regulations will go ahead as planned in 2021, and discussions remain ongoing between the FIA, Formula 1 and all teams regarding further ways to make significant cost savings.”
“All teams expressed their support for the FIA and Formula 1 in their ongoing efforts to restructure the 2020 calendar as the global situation regarding COVID-19 develops.”
“All of these commitments will be referred to the relevant governing structures for final ratification.”