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Ferrari CEO wants 2021 clarity, eventual cap on engine spending

Ferrari CEO Louis Camilleri says Formula 1 is “not even at the end of the beginning” of the process regarding the definition of the 2021 regulations, and wants a budget cap on engine spending. Formula 1 chiefs, in conjunction with the FIA, last Thursday published the long-awaited regulations regarding the sporting, technical and financial aspects of the championship for 2021. All 10 teams voted in favour of the regulations but Camilleri has stressed that Formula 1 still has work to do, and believes that power unit development should be capped. As it stands the costs incurred in engine development is not going to be included in the $175m per year cap. “I think what was...
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