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Formula 1’s Latest Rumours and Talk: Lotus’ Finances, Williams’ Strategy, More

Mercedes and Ferrari have presented a united front against FIA plans to cap the cost of Formula One engine supplies. Reports suggest FIA President Jean Todt wants a limit of around £8 million, a significant reduction from the current levels. But the two manufacturers, who between them supply seven of the 10 teams currently on the grid, say their own outlay and business model has to be respected. Away from the race track, Lotus have until July 20 to come to an agreement with creditors if they want to avoid a winding-up petition. While their survival isn't realistically in any doubt—their owners won't put the team's future at risk—it's yet another reminder of the financial challenges faced by the small and medium-sized teams...

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