The FIA has announced that all ten teams competing in Formula 1 complied with the sport's cost cap regulations for the 2022 season. Last year's cost cap threshold was set at a base of $140 million but included additional expenses. The FIA says that its financial review accounted for "extensive checks of any non-F1 related activities" which included "multiple visits to team facilities and careful auditing procedures". No instances of cap violations were discovered, addressing previous concerns that teams were using auxiliary engineering ventures to enhance their Formula 1 projects. This loophole has since been closed. Read also: FIA sends teams new draft proposal on flexible wings There hav
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