Formula 1's budget cap has been reduced for the 2021 season following a unanimous agreement between all 10 teams, the FIA's World Motor Sport Council confirmed on... read more »

Haas team principal Gunther Steiner believes the reduced Formula 1 budget cap from 2021 will make involvement in the series a "clear cut" decision for interested... read more »

Formula 1 teams will be forced to operate with reduced numbers when the 2020 season commences GPFans has learned. read more »

Formula 1 won't attract new engine manufacturers unless costs are greatly reduced, says Motorsport UK chief David Richards. read more »

A cost-cutting package for the 2021 season has been agreed upon by Formula 1 teams, the package including a reduced $145 million cost cap. read more »

Damon Hill has expressed concern that, in the eyes of many, a season with a reduced calendar wouldn't be seen as a 'proper championship'.  read more »

FIA president Jean Todt remains hopeful the reduced $145million Formula 1 cost cap will prevent teams from dropping off the grid once the post-pandemic economic landscape... read more »

Haas boss Guenther Steiner reckons a heavily truncated 2020 Formula 1 schedule would be financially more problematic for teams than if the championship was to hold no races.... read more »

Ferrari could enter IndyCar as the Scuderia looks at ways to avoid massive job losses in the wake of F1's reduced budget cap. read more »

Claire Williams has warned that "not just one or two teams" could drop out of Formula 1 if the prize fund drops significantly due to a shortened calendar. read more »

Final budget cap proposal offered to the teams will see the limit gradually reduced from $145m to $135m. read more »

A greatly reduced budget cap for the 2021 season has been agreed upon according to Formula 1’s Ross Brawn. F1 bosses had initially agreed on a $175 million budget cap, but with... read more »

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 »