Andrew Green says the budget cap will benefit Racing Point as other teams will need to downsize their workforce to comply with the regulations. read more »

Guenther Steiner says the reduction of the budget cap from next year onwards could tempt new manufacturers to join the Formula 1 grid. read more »

Haas will not bring any upgrades to its F1 car this year until the 2020 season calendar is firmed up and its racing budget is set. read more »

Haas is to hold fire on bringing any upgrades to its Formula 1 car this year until it can be sure about its income for the shortened 2020 campaign read more »

McLaren have explained that the impact of the budget cap in Formula 1 will be a "massive and painful" task for them to take on. read more »

Ross Brawn says that without the budget cap, due to be introduced next season, manufacturers could have been driven out of the sport. read more »

Formula 1's sporting director, Ross Brawn, has said there was a fear that teams and manufacturers could have left the sport if there was no budget cap being introduced. read more »

F1's managing director Ross Brawn believes the sport would have lost manufacturers had a budget cap not been introduced for 2021. read more »

Formula 1's Managing Director of Motorsports Ross Brawn says he feared the championship would have lost manufacturers had a budget cap not been introduced. Formula 1... read more »

Formula 1 would have lost manufacturers and teams as a result of the COVID-19 pandemic had the reduced budget not been introduced for 2021, reckons Ross Brawn read more »

Racing Point technical boss Andy Green thinks the big teams will have a "massive headache" coming to terms with the incoming budget cap. read more »

Although Ferrari was initially against lowering the budget cap, the Scuderia believes the $145m will ensure F1 is "economically sustainable". read more »

With F1's budget cap and technical rules decided, Cyril Abiteboul feels engine regulations will be F1's "next battlefield". read more »

Ferrari CEO Louis Camilleri says the budget cap being introduced from 2021 will make Formula 1 a more economically sustainable sport. read more »

F1's reduced budget cap could prompt Mercedes to enter other racing categories from 2021 to ensure it utilises its staff and resources.  read more »

Kevin Magnussen says he wants to remain at Haas beyond this year, but would leave if they ask him to pay for his seat under the new budget cap read more »

Red Bull team principal Christian Horner hopes the introduction of a budget cap into Formula 1 helps to 'safeguard' struggling teams. read more »

Formula 1 managing director motorsports Ross Brawn has said the introduction of a budget cap to the sport may have saved the Williams team. read more »

Christian Horner believes Red Bull's F1 competitiveness will not suffer as a result of the budget cap being introduced to the sport next year. read more »

Toto Wolff says Mercedes may consider joining other categories as the 2021 budget cap will leave them with surplus personnel. read more »

Mercedes boss Toto Wolff believes motorsport has to become "much more affordable" at every level, in the wake of Formula 1 introducing a budget cap. Formula 1 chiefs... read more »

Although Christian Horner says F1 will be "stronger" for the budget cap, he fears the sport could descend into an "accounting world championship". read more »

Racing Point Technical Director Andrew Green has likened the ‘big three’ Formula 1 teams to dinosaurs, saying they will need to adapt to a new world if they’re to survive.... read more »

Haas principal Guenther Steiner says the team's owner Gene Haas will decide whether or not to stay in F1 based on the new commercial agreement, not a budget cap. read more »

Haas team principal Guenther Steiner is glad that a revised budget cap has been agreed, but thought it could have been lower still. read more »