News Details

Ferrari president Marchionne would not welcome F1 budget cap

With rumours that Liberty Media, the new owners of Formula 1, are looking to enforce some kind of budget cap on the sport, Scuderia Ferrari president Sergio Marchionne does not believe that restricting costs would work, especially with factory teams on the grid. Whilst Marchionne understands the need to reduce costs in an expensive sport, he believes limiting the amount a team can spend is not the solution, feeling that progress will be limited as teams will be forced to focus on certain areas of development and overlooking others. 'The interventions there have been up to now, from limitations on the cost of supplying power units to the reduction of wind-tunnel hours, have been totally...
Full Story »
Share

You May Also Be Interested In...

Top Stories of 2016, #2: Liberty Media takes command...

Our second biggest story of the 2016 motorsport season is that of US...
8y ago from Motorsport.com

Ferrari president insists a budget cap won't work in...

Ferrari president Sergio Marchionne insists a budget cap in Formula 1...
8y ago from GrandPrixTimes.com

Wolff brushes off ‘conflict of interest’...

Toto Wolff insists he has no conflict of interest despite being part of...

Interview: Pirelli on Formula 1's new era

– Formula 1 will introduce all-new technical regulations in 2017,...
8y ago from GPUpdate.net

Elsewhere On The Network

Popular On MGPToday.com

BMW admits 2027 MotoGP entry ‘not viable’ as it...

BMW has admitted it is “not viable” for the German manufacturer to...

Marc Marquez shares initial reaction to new MotoGP...

Marc Marquez shared his verdict on the new Balaton Park MotoGP circuit...

Popular On IndyCarToday.com

Chip Ganassi: ‘We’re spoiled’ having drivers...

Alex Palou clinched the 2025 NTT IndyCar Series title over the weekend,...
20h ago from MotorsportWeek.c...

IndyCar Portland – Race Results

The final road course event of the 2025 IndyCar season was contested on...

Alex Palou clinches title, becomes IndyCar’s newest...

Alex Palou is the champion of the 2025 NTT IndyCar Series, having locked...

Popular On TotalWRC.com

Kalle Rovanperä hits the jackpot

Kalle Rovanperä and Jonne Halttunen finally won Rally Finland, laying to...

Popular On GunnersToday.com

'He can destroy you' - Arteta's warning for rivals as...

Viktor Gyokeres scored his first goal for Arsenal as the Gunners finished...
1h ago from SkySports.com

Spurs open Eberechi Eze talks as they try to beat...

t;li>Arsenal have been ahead but want to make sales firstSpurs do not...
1h ago from TheGuardian.com

A blast from the past

For the week the Premier League begins again, it's quiet. It's calm....
2h ago from Arseblog.com

Comments

Hottest News

McLaren keeps pressure on over ‘A-B team' model

Aug.12 McLaren is continuing to question the... Read More »
55m ago from OneStopStrategy.com

Rising star receives Ferrari promotion for 2026

A rising star in motorsport has been promoted to... Read More »
1h ago from GPFans.com

Villeneuve set to tame big bore Cobra at Goodwood Revival

Next month’s prestigious Goodwood Revival just... Read More »
55m ago from F1i.com

Recent News


2014 GPToday.com
GPToday.com is not responsible for the news headlines and associated descriptions and images it indexes, the content of externally linked sites or the comments & postings of its users.

This website is unofficial and is not associated in any way with the Formula One group of companies. F1, FORMULA ONE, FORMULA 1, FIA FORMULA ONE WORLD CHAMPIONSHIP, GRAND PRIX and related marks are trade marks of Formula One Licensing B.V.