F1 teams step away from cost-cutting clash


Force India Formula One driver Sergio Perez of Mexico drives during the second in-season test at Bahrain International Circuit (BIC) in Sakhir south of Manama, April 9, 2014. REUTERS/Hamad I Mohammed

LONDON (Reuters) - Formula One's cash-strapped smaller teams sounded a note of cautious optimism on Friday after a meeting with the sport's powerbrokers to discuss how to slash costs in the face of opposition to a cap on spending.

"Force India was very encouraged by the meeting and was appreciative of the FIA (International Automobile Federation) responding so positively to the letter that was sent," that team's deputy principal Bob Fernley told Reuters.

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