Set to lose millions as a result of a disappointing 2019 season, Guenther Steiner says he will need his "thinking hat" to balance Haas' budget for next season. read more »

Guenther Steiner has joked that Haas' budget is so small compared to other teams that he can't even pay for Netflix to watch himself on 'Drive to Survive'. read more »

Haas team principal Guenther Steiner believes that engine standardisation would be "difficult" to implement in Formula 1, and that teams should be allowed to spend... read more »

Matteo Binotto believes that teams may struggle to hire the required staff for an increased calendar under the proposed 2021 budget cap. read more »

Formula 1 teams will face a "risk" in getting the staff required for an increased calendar within the proposed 2021 budget cap, believes Ferrari's Mattia Binotto read more »

Renault is the team under the most pressure to bridge the gap between Formula 1's midfield and the big three teams, but this year its progress appears to have stalled and... read more »

Formula 1 CEO Chase Carey has confirmed that the 2020 Formula 1 season next year will be used to test the budget cap which is being introduced in 2021. read more »

McLaren team boss, Andreas Seidl admits that the only way his team can hope to take on the big three is by the introduction of a budget cap. read more »

McLaren team principal Andreas Seidl believes that McLaren can eventually compete with Mercedes, Ferrari, and Red Bull - but only when the 2021 budget cap is introduced. read more »

McLaren principal Andreas Seidl believes the budget cap is the "only way" McLaren can compete with the top three again. read more »

McLaren Formula 1 team principal Andreas Seidl says the championship's incoming budget cap is "the only way" his outfit can fight with Mercedes, Ferrari and Red... read more »

Max Mosley couldn't do it, but Chase Carey insists that his plan to introduce a budget cap to F1 will not only work but will be a success. read more »

Renault team principal Cyril Abiteboul says the proposed budget cap in Formula 1's 2021 regulations could bizarrely serve to see the French squad actually up their... read more »

In today's F1 Gossip, Alonso "open" to F1 return if he can win, Carey backs budget cap success and Magnussen calls out drivers wanting less downforce. read more »

McLaren chief Zak Brown believes that the proposed budget cap of $175 million for every team in Formula 1, per season, is still a lot of money, and believes that entertaining... read more »

Zak Brown has urged F1's powers-that-be to finalise plans for a budget cap in June, not October, saying the it needs to be done before "it's too late." read more »

Formula 1 teams are split on proposed changes to budgets in the sport, with new rules for 2021 supposed to be finalised by the end of June. read more »

The proposed Formula 1 budget cap to be introduced in 2021 has been set at $175million annually, according to Auto Motor und Sport. Liberty Media was determined to introduce... read more »

Bernie Ecclestone has backed Toto Wolff's position over the proposed Formula 1 budget cap. Amid tense negotiations between Liberty Media, the FIA and the teams over the... read more »

Cyril Abiteboul admits that, for Renault, the financial side of the post-2020 rules package takes precedence over the technical side. read more »

Renault team principal Cyril Abiteboul believes agreeing on a cost cap is more important than technical regulations for 2021. read more »

Renault chief Cyril Abiteboul says a budget cap is the key to reshaping Formula 1 beyond 2021, believing it has to be a "proper deterrent" in order to reduce levels... read more »

Mercedes team principal Toto Wolff has renewed the Silver Arrows' opposition to plans for Formula 1 teams to be subjected to budget caps in 2021. Liberty Media have sought... read more »

Ferrari's new management is making Formula 1 sporting chief Ross Brawn more optimistic that a revolution in prize money and budget regulations can be pushed through read more »

Ross Brawn insists that teams must allow F1 to deal with sport's core issues of a budget cap and fairer prize money split. read more »