Team principal Gunther Steiner says that the money has been fed straight into the development budget for the VF-23.The team's push for cost savings reflects the fact that... read more »

F1 is now in the budget cap era, which means money to develop cars is tighter, but that won't impact driver salaries in 2023, just as it didn't during the 2022 season. read more »

F1's budget cap has been vital in securing financial stability for teams in the sport since being introduced for the 2021 season. read more »

F1 CEO Stefano Domenicali has conceded he expects "a lot of attention" around the sport's financial regulations this year after Red Bull was penalised for a... read more »

Red Bull team boss Christian Horner says that his team can't be completely sure it is within the budget cap after its controversial over-spend in 2021. During the 2022... read more »

Christian Horner has conceded Red Bull must wait until track action starts to determine how costly the team's budget cap breach punishment has been. read more »

The American outfit has been constrained by budget limits in recent seasons, which left its hands tied in terms of being able to afford regular development steps.In 2021, the... read more »

The new red and carbon livery seen on the C43 represents a final fling for the Alfa name as the team gradually starts to build up its resources and staffing levels.The impact... read more »

Introduced ahead of the 2021 season, the ATR was conceived in tandem with the budget cap to inspire a more competitive field and increase the financial sustainability of the... read more »

While many still believe the $7m fine for exceeding the budget cap to be derisory, Max Verstappen admits that the reduction on aero testing will present an altogether different... read more »

Max Verstappen is not concerned about budget cap restrictions affecting his chances of winning a third world title in a row. read more »

Red Bull team boss Christian Horner asserts that the penalty it was issued for breaching the 2021 budget cap is "significantly limiting" its pre-season development... read more »

Haas announced in October that international payment company MoneyGram would be joining as its new title sponsor, providing a big financial boost to one of the smallest... read more »

Toto Wolff has praised the introduction of the budget cap in F1 and believes that its introduction 'saved the teams from themselves'. read more »

Kevin Magnussen has hailed the benefit of Haas finally being able to operate at F1's budget cap limit this season following the arrival of a new title partner. read more »

As we enter the third season under a budget cap, FIA president, Mohammed ben Sulayem is confident that it is working and can, in time, level the playing field. read more »

Former Williams Team Principal Jost Capito has doubts that the team could have continued in Formula 1 had a budget cap not been introduced. read more »

F1 introduced its first set of financial regulations for the 2021 season, restricting teams to a yearly budget of $145 million. This was initially set to fall by $5m per year,... read more »

Former Alfa Romeo team principal Fred Vasseur has revealed the on-track cost of failing to operate at the budget cap level. read more »

Haas team principal Guenther Steiner is confident of a "fair fight" between F1 teams with all 10 outfits now working at or close to the budget-cap limit. read more »

Following the audit of the first year of F1's financial regulations in 2021, Red Bull was found to have exceeded the $145 million budget cap by 1.6%, resulting in a $7m... read more »

Former Alfa Romeo team principal Fred Vasseur has indicated the knock-on effects of F1's budget cap have secured the team's survival. read more »

Guenther Steiner believes Haas have what it takes to make another step forward in 2023 as they continue to grow as a team amid the new budget cap era of Formula 1. read more »

Alpine team principal Otmar Szafnauer has conceded an early advantage held by the team within F1's new financial regulations is now beginning to dissipate as rival teams... read more »

Red Bull team principal Christian Horner has conceded to being surprised by Mercedes' ability to fight back to the front in 2022 in F1's budget cap era. read more »