Alpine Racing SAS (“Alpine”) and Honda Racing Corporation (“HRC”) were found to be in Procedural Breach of the Power Unit Financial Regulations notwithstanding the fact that their Relevant Costs during the 2023 reporting period were under the Cost Cap. The Cost Cap Administration offered to both Power Unit Manufacturers (“PUMs”) an Accepted Breach Agreement (“ABA”) to resolve these matters. The offer was accepted by both PUMs. The Cost Cap Administration recognised that both PUMs have acted cooperatively and in good faith throughout the review process and have sought to provide additional information and evidence when requested in a timely manner, that this is the first year of the full application of the Power Unit Financial Regulations and that there is no accusation or evidence that either Alpine or HRC has sought or obtained any undue advantage as a result of the breach.  
 
Pursuant to Article 6.28 of the Power Unit Financial Regulations the Cost Cap Administration entered into the following ABAs:

• an ABA with HRC on 7 October 2024; and
• an ABA with Alpine on 11 October 2024 

A link to a summary of the terms of the ABAs as provided for by Article 6.32 of the Power Unit Financial Regulations is below.