Daimler chairman Ola Kallenius believes the Mercedes Formula 1 team could soon begin to turn a profit as a result of the new spending cap. read more »

Daimler chairman Ola Kallenius hopes INEOS's investment, combined with the budget cap, will turn Mercedes F1 into a money-making franchise. read more »

Due to the pandemic, Ferrari team principal Mattia Binotto thinks that the staff cuts under the new F1 budget cap must be reviewed. read more »

MSP Sports Capital principal Jeff Moorad has described the company's investment in McLaren Racing as a "bet" with the incoming budget cap expected to increase... read more »

The FIA has appointed a British barrister, a senior sports lawyer from Australia and the secretary-general of Paris St Germain to adjudicate over the incoming budget cap from... read more »

Ferrari boss Mattia Binotto wants an extension of the "soft landing" that gives Formula 1 teams more time to adjust to the budget cap read more »

James Allison has admitted the budget cap being introduced to F1 for next season is causing Mercedes "considerable difficulty". read more »

Despite the upcoming budget cap AlphaTauri boss Franz Tost says teams will need more staff to cope with a 23-race calendar in 2021. read more »

Formula 1 is poised to introduce salary caps in 2023 as part of the wider cost saving measures being implemented in the coming seasons. The exact number has not yet been... read more »

Williams acting team principal Simon Roberts has confirmed the bottom-of-the-table team will spend all the regulations allow to climb the order in 2021. read more »

Williams will be in a position to operate near to the 2021 budget cap limit following the successful takeover from Dorilton Capital. read more »

Red Bull's F1 team spent slightly less money last year than in 2018 - but still face substantial cutbacks to comply with the FIA budget cap being introduced for 2021. read more »

Ferrari team principal Mattia Binotto has revealed the Scuderia was forced to accept a compromise over the "soft landing" procedure within the budget cap that assists... read more »

McLaren Racing CEO Zak Brown says the FIA are aware that teams could try and stockpile new parts to bypass the 2021 budget cap. read more »

Christian Horner has revealed that Red Bull staff affected by F1's incoming budget cap are already being allocated to new projects. read more »

Ferrari have provided details of the 'soft landing' Formula 1 teams can offer to staff affected by the budget cap being introduced into the sport next year. read more »

McLaren CEO Zak Brown is confident the FIA is on top of the issue of stockpiling parts ahead of the introduction of the budget cap in 2021. read more »

With the budget cap due to be introduced next year, and teams likely to seek out various forms of creative accounting in a bid to circumvent the rules, the FIA has warned them... read more »

Formula 1 teams have been warned they will not be allowed to exploit a 'stockpiling' loophole in the budget cap to help them trim spending next season read more »

Mercedes signed up to Formula 1's new Concorde Agreement while accepting some compromises, says its team principal Toto Wolff. Last week, F1 announced that all ten teams... read more »

Haas team principal Guenther Steiner says Gene Haas' belief in F1's future direction and major upcoming rule changes were vital to committing to the sport. read more »

Haas team boss, Guenther Steiner admits that the budget cap was key when Gene Haas committed to the latest Concorde Agreement. read more »

Rich Energy owner, William Storey, has continued to raise eyebrows as he sets out an ambitious £50million transfer budget if his Sunderland takeover is successful. read more »

As Formula 1 debates including drivers' salaries in the budget cap, team bosses have rubbishes suggestions it could force superstar drivers to look elsewhere. read more »

Team bosses believe that as "performance differentiators", drivers salaries should be included in the $145m cap. read more »