Last year, F1 teams agreed to slash the championship's planned cost cap from $175million to $145million starting in 2021, followed by a further $5million year-on-year... read more »

McLaren's financial struggles have been reflected in their Q1 financial records for 2020, reporting a revenue loss of £175million in the first quarter. read more »

The McLaren Group has posted a revenue loss of £175million for the first quarter of this year compared to the same period in 2019. read more »

Ferrari president Louis Camilleri has said that the Scuderia will 'never give up' and are ''doubling up', developing the 2020 and 2021 cars... read more »

Former Formula One driver turned pundit Karun Chandhok hopes that the $175million budget cap for 2021 onwards will help to entice new teams into the sport. read more »

McLaren boss Andrea Seidl says that his team will need to run at the full $175million budget cap to catch up with Mercedes, Ferrari and Red Bull in 2021. 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 »

A cost cap of $175million per year looks set to be imposed as part of the 2021 overhaul of Formula 1, according to Autosport. read more »

A cost cap of $175million per year is set to be imposed on Formula 1 teams from the 2021 season, obliging Mercedes, Ferrari and Red Bull to trim their budgets 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 »