Aston Martin close to agreeing F1 cost cap penalty with FIA

The team was named recently by the FIA alongside Red Bull Racing and Williams as having failed to fully comply with the 2021 financial regulations.

However while Red Bull was deemed to have overspent and made procedural errors, Aston Martin and Williams were only guilty of the latter.

The Williams case, involving the late submission of documents by a third-party accounting firm, was settled with a $25,000 fine earlier this year.

Aston Martin has been in negotiation…