All ten teams have agreed to a $145m budget cap, which, subject to ratification by the WMSC, will be introduced next year. read more »

Renault Formula 1 chief Cyril Abiteboul says Formula 1 is debating whether to add drivers' salaries to future budget caps. read more »

"He who is smartest, wins, whereas now it is he who spends the most wins," says Zak Brown as he calls for engine costs and driver salaries to be included in the... read more »

Jean Todt doesn't have "any fears" that Ferrari will use its veto to prevent Formula 1 lowering the budget cap. read more »

Formula 1's governing body has learned from the season's aborted opening event, so that Austria, unlike Australia, would go ahead even amid positive COVID-19 tests. read more »

Scuderia Ferrari's Team Principal, Mattia Binotto, has stated that the team are evaluating a potential entry into the NTT IndyCar Series as a result of Formula 1's... read more »

Ferrari is considering entering IndyCar in 2022 as it reacts to Formula One's plans to introduce a $145 million budget cap. read more »

Ferrari could enter IndyCar as the Scuderia looks at ways to avoid massive job losses in the wake of F1's reduced budget cap. read more »

Christian Horner will not be leaving Red Bull any time soon despite being at odds with the Red Bull bosses over the budget cap. read more »

A budget cap, and how effective it might or might not be, has been a hot topic in Formula 1 for quite some time read more »

Formula 1's teams are expected to vote through the finalised budget cap proposals presented to them by Liberty Media and the FIA this week. read more »

The Formula 1 teams are looking over the latest budget cap proposals before voting on what would be a five-year plan to lower the cap. read more »

Christian Horner is adamant customer cars are the solution to F1's problems as they are cheap and can be competitive. read more »

Magnussen believes the budget caps coming to F1 are Haas' chance to return to their past form. read more »

When Lawrence Stroll bought his F1 team he handed Racing Point a healthy cash injection, but Otmar Szafnauer says it still has the "lowest" budget on the grid. read more »

Claire Williams believes the introduction of a $145million budget cap for Formula 1 is an important step in ensuring "that our businesses are sustainable going into the... read more »

Racing Point team principal Otmar Szafnauer says his team is still the smallest Formula 1 squad by budget and staff size even after Lawrence Stroll's investment in the squad read more »

F1 appears to be coming close to an agreement on its new commercial agreement with new budget cap to be set at $145m read more »

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

Formula 1 bosses have made a final offer to teams of a sliding scale budget cap reducing from $145m to $130m over the next three years. read more »

Though yet to agree on the figure, Ferrari CEO, Louis Camilleri admits that the budget cap will ensure F1 is sustainable as company reports a "big hit" to revenue. read more »

Formula 1's budget cap will ensure the championship remains sustainable for each team, according to Ferrari, will retaining its status as the premier motorsport category.... read more »

A greatly reduced budget cap for the 2021 season has been agreed upon according to Formula 1’s Ross Brawn. F1 bosses had initially agreed on a $175 million budget cap, but with... read more »

Formula 1 bosses will meet this week to discuss a reduction of the budget cap figure to $145m in 2021. read more »

Formula One has agreed a $145 million budget cap for teams next year and will continue to try and tighten that for future seasons, managing director Ross Brawn said on Monday. read more »