Formula 1's new-for-2021 cost cap will have a "transformative" effect on teams long-term, according to Aston Martin's boss, who reiterated the squad's... read more »

Alfa Romeo's technical chief believes it will take "two or three years" before the impact of the new cost cap is fully felt in Formula 1. Formula 1 is... read more »

Mercedes boss Toto Wolff believes motorsport has to become "much more affordable" at every level, in the wake of Formula 1 introducing a budget cap. Formula 1 chiefs... read more »

Final budget cap proposal offered to the teams will see the limit gradually reduced from $145m to $135m. read more »