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 »

Ross Brawn has confirmed that a $145 million budget cap for 2021 is close to being agreed by Formula 1 teams. read more »

The incoming budget cap will be set at $145 million according to Ross Brawn, a reduction on the original figure of $175 million read more »

Formula 1 boss Ross Brawn says plans for a lower budget cap in 2021 are nearly finalised, adding the main sticking point surrounds how much it's reduced in subsequent seasons read more »

Ross Brawn reveals that the teams are to be presented with a budget cap of $145m following discussions with the FIA. read more »

Formula 1's managing director, Ross Brawn, has said an agreement over a reduced budget cap is now in the "final stages". read more »

Racing Point team principal Otmar Szafnauer has reminded everyone that teams don't have to reach the budget cap limit. read more »

Red Bull team boss Christian Horner believes Formula 1 must look beyond a budget cap and consider 'bold' plans like customer cars in a bid to help all teams survive... read more »

FIA President Jean Todt thinks the current crisis facing the sport could be impetus it needs to bring in a much more drastic budget cap solution read more »

Racing Point's Otmar Szafnauer says F1 teams cannot be "selfish" in talks to agree on a lowered budget cap.  read more »

Good news for McLaren and others wanting a lower budget cap, Ferrari has reportedly agreed to lowering the cap to $130m but only in 2023. read more »

Formula 1 teams should be presented with a budget-cap proposal within the next week, according to Racing Point's Otmar Szafnauer - who has urged other team bosses not to... read more »

Should F1's worst case scenario be realised, Jean Todt says the sport will be heading towards a "Super Formula 2" with a $50m budget cap. read more »

While the sport's main participants, the FIA, the Commercial Rights Holder and the teams have voted unanimously for the implementation of various cost-saving measures,... read more »