The GP2 series recently announced that they would be following in the footsteps of Formula One by taking certain measures to reduce costs. These include a significant decrease in the cost of some parts together with several important modifications in the technical regulations.

While the costs in Formula One are exorbitant, GP2’s budget, while substantial, is not too difficult to sustain. However, like everyone else at the moment, the stepping stone to F1 cannot ignore the world’s financial crisis and therefore need to make sure they can carry on without changing the high standard of quality that has been in force since 2005. 

“GP2 is a championship that needs a substantial budget to run, but since its creation in 2005 not one of the 13 teams has had a problem in finding drivers for its 2 seats,” series organizer Bruno Michel explained to us in an exclusive interview.

“The problem is more the opposite: there are too many drivers compared to what’s on offer. It is a sign of good health in a championship that has proved to be reliable and which, for all the young drivers, has become the reference point to make it into F1. The cost of the GP2 is what it is because our car is incredibly competitive, very close to F1, and because we race on the same weekends and on the same tracks as Formula 1. The cost of GP2 is therefore justified.”

For more of this exclusive interview, click here