Toto Wolff has revealed Mercedes was forced to scrap its planned 2022 tyre test with Pirelli as a result of Formula 1's new budget restrictions. read more »

After Valtteri Bottas was involved in a huge crash at Imola, the team highlighted that the cost of the damage might compromise development later in the season, and skipping a... read more »

Now that teams are adhering to a budget cap, McLaren Racing CEO Zak Brown would like to see a little more freedom in the regulations. read more »

Liberty Media CEO Greg Maffei has hailed ex-Formula 1 boss Chase Carey for his achievement in making the budget cap a reality. read more »

The 2021 season marks the first year that F1 is racing under a new budget cap and financial regulations, limiting each team to spending $145 million per season.Within the... read more »

Three teams voted against adding sporting penalties for breaching the budget cap, according to Mercedes boss Toto Wolff. read more »

Though the long-awaited budget cap is still in its infancy, the teams are confident that they are all on the same page. read more »

F1 introduced all-new financial regulations for the 2021 season to enforce a new budget cap of $145 million per year for each team.Within the financial regulations, F1... read more »

F1 introduced a new $145 million budget cap for the 2021 season, policed by an all-new set of financial regulations that worked alongside the sporting and technical... read more »

Formula 1’s budget cap regulations have been amended in light of Sprint Qualifying getting the green light for inclusion at three races this season. The championship is... read more »

McLaren Racing CEO Zak Brown has declared F1 "must" alter the budget cap to include driver salaries to truly 'level the playing field'. read more »

Christian Horner believes the 2021 title fight will be decided by reliability, the constraints of the budget cap and marginal gains. read more »

McLaren team principal Andreas Seidl has insisted the strain of F1's budget cap will not change the team's approach to race weekends. read more »

This year F1 introduced an annual $145 million cost cap, followed by a further $5 million year-on-year reduction in subsequent seasons.The cap meant F1's largest teams... read more »

With the news that teams will receive an extra payment to cover the costs of sprint race damage, it is a hit for the fledgling budget cap. read more »

Christian Horner has admitted that 'losing' members of staff in order to meet the budget cap was "tough" and caused the team "pain". read more »

Red Bull boss Christian Horner discussed the mammoth task of falling within the budget cap, which has forced painful staff cuts. read more »

F1 bosses want to trial a sprint qualifying format at three races this season to see what impact it has on the television spectacle and the experience for fans at the track.The... read more »

Christian Horner says that it has been a big challenge for Red Bull to adapt following the introduction of the budget cap. read more »

F1 teams will operate under strict financial regulations for the first time in the series' history this year after moving to curb costs to become more sustainable.In the... read more »

AlphaTauri technical director Jody Egginton said that his team are "working hard" to reach budget cap level. read more »

Ferrari sporting director Laurent Mekies said the new Formula 1 budget cap made the team's structure redundant. read more »

Red Bull team principal Christian Horner believes the new budget cap introduced into Formula 1 this season has already posed a "significant challenge" for all the teams. read more »

Teams have expressed doubt over the Sprint Qualifying plans due to the budget cap which is now in play, according to a report. read more »

Ferrari has warned that the budget cap and stable technical regulations means there is a "limit" to how much it can recover in Formula 1 this year. Ferrari slumped to... read more »