F1 team, Red Bull have been charged $7m fine and 10% aero research reduction.

Auto Racing General

F1 team, Red Bull have been charged $7m fine and 10% aero research reduction.

Formulae 1 team, Red Bull have been charged with a fine of $7m (£6.07m) as well as asked for 10% reduction in permitted aerodynamic research for breaking Formula 1's budget cap.

After the Japanese Grand Prix, it was revealed that Red Bull were the only team to breach the $145 million budget cap by $1.8m.

However, the FIA have officially confirmed today that Red Bull has settled via Accepted Breach Agreement (ABA).