News Details

Mercedes calls proposed $150m cost cap 'much too low'

Mercedes has responded to Liberty Media and the FIA's plans to implement a cost cap for the 2021 season and beyond as 'much too low' and 'not achievable' for the larger teams. Liberty presented a five-point plan for Formula 1's future to the teams in Bahrain on Friday. Among the proposals listed was a budget cap and although the exact amount hasn't been confirmed, it's rumoured to be around $150 million (£105m) – less than half of what some of the leading teams currently spend. Mercedes' chief Toto Wolff described the meeting as 'positive', but highlighted the budget cap as an area where the teams will need further discussions and will likely force a...
Full Story »
Share

You May Also Be Interested In...

Formula 1 unveils blueprint for the future

Today during a meeting of the sport's stakeholders held at the Bahrain...
6y ago from GrandPrix247.com

Brawn: I am offended when accused of dumbing down F1

Ross Brawn has hit out at suggestions that Liberty Media are dumbing down...
6y ago from GrandPrix247.com

Mercedes announce new deal with Thomas Cook Sport

Mercedes AMG Petronas Motorsport have announced a deal with one of the...

Ross Brawn 'offended' by Sergio Marchionne's comments...

Ross Brawn, Formula 1's managing director of motorsport feels...
6y ago from MotorsportWeek.com

Elsewhere On The Network

Popular On MGPToday.com

What to expect from Aprilia in the 2025 MotoGP season

The 2025 MotoGP season marks a campaign of change at Aprilia with two new...

Aprilia showcases 2025 MotoGP livery

On Thursday afternoon the factory Aprilia team became the second outfit...

Popular On IndyCarToday.com

Mature mindset to help David Malukas reset his IndyCar...

David Malukas is betting on a new level of maturity to help him climb the...

Andretti Global's new look takes shape

No description available...
2d ago from Motorsport.com

FOX Sports confirms broadcast team as it assumes...

FOX Sports has announced the trio of talent that will present the NTT...

Popular On TotalWRC.com

Popular On GunnersToday.com

Comments

Hottest News

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.