Ahead of the new technical regulations for 2022, the team owned by American industrialist Gene Haas decided to start with a clean slate this year. Reluctant to keep pumping... read more »

Red Bull team principal Christian Horner has conceded recent incidents will 'certainly not help' the team in a budget-cap scenario. read more »

Haas team principal Guenther Steiner is confident F1's budget cap will 'level out' the playing field as the sport heads into a new aerodynamic era. read more »

Revealing that crashes, such as that at the Hungaroring, have cost Ferrari €2.5m so far this season, Mattia Binotto joins Christian Horner in questioning the budget cap. read more »

With Ferrari racking up €2.5m worth of damage this year, Mattia Binotto is starting to feel such costs should be left out of the budget cap. read more »

Ferrari’s veteran engineer Jock Clear believes the level of competition going into the 2022 Formula One season will be ‘desperately close’. In 2022 Formula 1 will introduce... read more »

Guenther Steiner won't join Red Bull in calling for a rethink of the cap, saying it is "good management" factoring in the cost of crashes. read more »

Ferrari team principal Mattia Binotto believes there needs to be a radical solution to crash expenses now that Formula 1 is operating under a budget cap. Red Bull has been... read more »

Red Bull team principal Christian Horner has revealed the startling cost of Max Verstappen's 51g Silverstone crash stating it will have "massive ramifications in a... read more »

Aston Martin's chief financial officer believes that the next "battleground" in Formula 1 will be about which team can use its budget the wisest. read more »

Red Bull boss Christian Horner said talks are ongoing to expand the chassis budget cap to also limit the costs of engine development. read more »

Aston Martin team principal Otmar Szafnauer does not believe costs would be cut if F1 banned wind tunnels. read more »

Mosley, who started his motorsport career as a driver in the European Formula Two championship in 1968, was one of the four founding members of March in 1969 along with Robin... read more »

Mercedes will not be taking part in Pirelli's 18-inch wet-weather tyre test at Paul Ricard, citing concerns over budget cap compliance. read more »

Mercedes team principal Toto Wolff has confirmed the team will not participate in a wet weather Pirelli tyre test scheduled to take place at Paul Ricard following the Monaco... read more »

Mercedes has withdrawn from this week's tyre test at Paul Ricard over concern at budget cap spending. read more »

Ferrari will take Mercedes' place at next week's tyre test after the world champions withdrew amid budget cap concerns. Pirelli has arranged a series of private tests... read more »

Toto Wolff has revealed Mercedes was forced to scrap its planned 2022 tyre test with Pirelli as a result of Formula 1's new budget restrictions. read more »

After Valtteri Bottas was involved in a huge crash at Imola, the team highlighted that the cost of the damage might compromise development later in the season, and skipping a... read more »

Now that teams are adhering to a budget cap, McLaren Racing CEO Zak Brown would like to see a little more freedom in the regulations. read more »

Liberty Media CEO Greg Maffei has hailed ex-Formula 1 boss Chase Carey for his achievement in making the budget cap a reality. read more »

The 2021 season marks the first year that F1 is racing under a new budget cap and financial regulations, limiting each team to spending $145 million per season.Within the... read more »

Three teams voted against adding sporting penalties for breaching the budget cap, according to Mercedes boss Toto Wolff. read more »

Though the long-awaited budget cap is still in its infancy, the teams are confident that they are all on the same page. read more »

F1 introduced all-new financial regulations for the 2021 season to enforce a new budget cap of $145 million per year for each team.Within the financial regulations, F1... read more »