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 »

F1's motorsports managing director Ross Brawn has told Sky Sports that the sport is in the final stages of agreeing a reduced cost cap of $145m for 2021. 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 says Formula 1's reduced cost cap has the potential to be performance "leveller" 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 »

Ferrari has threatened to quit Formula 1 if the sport lowers the agreed upon budget cap to less than $150 million. read more »

Sebastian Vettel says that he is unsure whether a Formula 1 title won in a ten-race season would mean as much as his existing four crowns. read more »

The Formula 1 team bosses reportedly had a "constructive" meeting on Thursday but did not agree to a reduced budget cap, at least not yet. read more »

If Formula 1 is reduced to just eight weekends of racing, Nico Rosberg says the sport needs to make them all "double-headers". read more »

Ferrari team principal Mattia Binotto would support a reduced budget cap, but has warned that irrational decisions should not be made, brought on by the coronavirus crisis. read more »

Formula 1 teams are faced with a huge challenge as a result of the ongoing coronavirus crisis. With their income practically falling to zero, they have to put any selifsh... read more »

Italian media have begun to speculate over the future of Sebastian Vettel at Ferrari, with some reports suggesting that the German will need to take a significant pay cut if he... read more »

AlphaTauri team boss Franz Tost has said the current Coronavirus pandemic is saving Formula 1 teams “a lot of money”, which will also benefit the 2021 season. Whilst the... read more »

Red Bull team principal Christian Horner believes the performance gap between F1's leading three teams and the midfield pack has been reduced heading into the 2020 season. read more »

Formula 1 must reduce the cost of engines if the sport hopes to retain its manufacturers, that's according to Red Bull team boss Christian Horner. read more »

George Russell believes Williams have "reduced the gap" to the midfield teams, but still expects to be driving the "slowest" car in 2020. read more »

Racing Point team boss Otmar Szafnauer expects rivals will explore the option of copying Mercedes dual-axis steering (DAS) if the benefits of running the system are proven to... read more »

With just six days of winter testing teams have to optimize their test plans to the maximum read more »

Haas have been left counting the loss after a mid-season split with then title sponsor Rich Energy has significantly reduced the team's operating budget for 2020. read more »

With pre-season testing reduced to only six days for 2020, Lando Norris says he doubts more days in the car would have better prepared him for Formula 1. read more »

Mercedes will be in Formula 1 "for the long-term" if it is able to reduce the contribution from parent company Daimler, according to team principal Toto Wolff read more »

Esteban Ocon believes it was "crucial" to drive Renault's 2019 Formula 1 car at Abu Dhabi, as it will "help massively" in light of next year's... read more »

Ferrari says its reduced straightline speed at the Brazilian Grand Prix was down to an aerodynamic configuration that meant it 'almost matched' Formula 1 rival Red... read more »

Ferrari insists that it has changed 'nothing' on its power unit following the latest Formula 1 engine rules technical directives, despite rivals suspecting its... read more »

Honda Formula 1 technical director Toyoharu Tanabe says it is "clear" Ferrari had a reduced speed advantage at the United States Grand Prix but is cautious of drawing... read more »