News Details
Ferrari explain ‘soft landing' from budget cap
Ferrari have provided details of the ‘soft landing’ Formula 1 teams can offer to staff affected by the budget cap being introduced into the sport next year. With the larger constructors having to reduce costs to a maximum of $145million in 2021, some employees are having to be retrenched to other areas of the respective companies. But scope has been given to the ‘big three’ – Mercedes, Ferrari and Red Bull – to redeploy staff over a six-month period from January, thus creating what has been described as a ‘soft landing’. Ferrari team principal Mattia Binotto considers this to be particularly pertinent at a time when the global health pandemic has created financial...
Full Story »
Full Story »
5y ago from PlanetF1.com
0
You May Also Be Interested In...
Teams warned on 'stockpiling'
With the budget cap due to be introduced next year, and teams likely to...
5y ago from Pitpass.com
Brown: The FIA are on top of what you can and can't do
Formula 1 teams have been warned by the governing FIA not to subvert a...
5y ago from GrandPrix247.com
F1 teams warned against exploiting loophole
F1 teams have been warned against ‘stockpiling' loophole The FIA...
5y ago from SpeedCafe.com
Bottas likes the "bit of pain" provided by...
Valtteri Bottas has conceded to liking the "bit of pain"...
5y ago from GPFans.com
Elsewhere On The Network
Popular On MGPToday.com
Jorge Martin likely to miss Sepang MotoGP test after...
No description available...
8h ago from Motorsport.com
Trackhouse Aprilia launches two liveries ahead of 2026...
Trackhouse Aprilia satellite team has launched its two new liveries in...
11h ago from MotorsportWeek.c...
Trackhouse unveils 2026 MotoGP colours in Milan launch
No description available...
12h ago from Motorsport.com
Yamaha admits 2026 MotoGP performance will decide...
Yamaha knows it must deliver a more competitive 2026 MotoGP bike to...
14h ago from MotorsportWeek.c...
Popular On IndyCarToday.com
Ed Carpenter Racing reveals multiple organizational...
No description available...
7h ago from Motorsport.com
Will Power sees ‘all the ingredients’ for a...
Will Power is approaching the beginning of his new IndyCar chapter, with...
12h ago from MotorsportWeek.c...
Ed Carpenter to contest 23rd Indianapolis 500
Owner of the Ed Carpenter Racing IndyCar team Ed Carpenter will race in...
1d ago from MotorsportWeek.c...
Pato O’Ward joined by F2 champion in McLaren F1...
McLaren has announced its driver development program lineup for 2026,...
6d ago from MotorsportWeek.c...
Popular On TotalWRC.com
Sebastien Ogier still has motivation “to go for...
No description available...
1d ago from Motorsport.com
Sebastien Loeb after 13 Dakar punctures: Cars now...
No description available...
3d ago from Motorsport.com
Dakar 2026: Dacia edges Ford and Toyota as Nasser...
No description available...
4d ago from Motorsport.com
Popular On GunnersToday.com
David Ornstein drops massive Arsenal transfer hint,...
Arsenal were reportedly considering a move for the Atletico Madrid striker...
9h ago from CaughtOffside.com
Mikel Arteta eyes Real Madrid wonderkid, Arsenal keen...
Arsenal are interested in selling the Real Madrid defender, Victor...
6h ago from CaughtOffside.com
Arsenal plan to snag Brazilian prodigy this month,...
Arsenal are interested in signing the Brazilian playmaker Breno Bidon from...
7h ago from CaughtOffside.com
Alan Shearer says only one team can stop Arsenal from...
Alan Shearer believes Arsenal will go all the way to the final of the...
8h ago from CaughtOffside.com
Comments
Hottest News
Adrian Newey's first Aston Martin project in jeopardy
Comments from two senior Honda Racing employees... Read More »
14h ago from GPFans.com
Lewis Hamilton calls out Ferrari F1 team-mate on gym fail
Seven-time F1 champion Lewis Hamilton has laughed... Read More »
5h ago from GPFans.com
F1: Tombazis confident of solution to engine row
'I believe we are going to be OK,' says the FIA's... Read More »
8h ago from Pitpass.com
