The team is also nicknamed " The Prancing Horse", in reference to their logo. ( Italian: ) is the racing division of luxury Italian auto manufacturer Ferrari and the racing team that competes in Formula One racing. Scuderia Ferrari, NART, numerous minor teams and privateers between 19įerrari as a Formula One engine manufacturer Formula One World Championship careerįerrari, Kurtis Kraft, Cooper, De Tomaso, Minardi, Dallara, Lola, Red Bull, Toro Rosso, Spyker, Force India, Sauber, Marussia, Haas, Alfa Romeo So when discussing a budget cap we must not forget we have different situations, and it's important we found a common ground which is suited to the different situations and maybe the answer is not a single budget cap equal for all the teams."īinotto explained that there have been very "constructive and positive" meetings regarding costs but "there are still realities required to make the right decisions" - and urged the sport to be rational. "Other teams are customers, buying some parts, and do not have the same structures. There are teams which are constructors like Ferrari and other top teams where we are designing, developing, homologating and producing each single component of our cars.
"We are discussing a budget-cap reduction but we should not forget in doing that exercise that we've got different structures, and different assets. "We are fully aware of the difficulties of some teams and we are fully aware we need to address costs for the future of F1 - reducing costs is the first driver of making sure each single team is surviving.įormer McLaren chief Ron Dennis says six-time F1 world champion Lewis Hamilton will 'never forget' the help and support he received on his route to the top "Certainly it is a concern," Binotto said of F1 and its teams' finance. McLaren boss Zak Brown was recently quoted as saying four teams could exit the sport if the current crisis wasn't handled correctly, while also calling for the $175m (£143m) budget cap set for 2021 to be significantly reduced.īut while Binotto said cutting costs is crucial, he believes the same limit for every team would hamper those who are producing all the parts. "I think it is in the interests of everyone to start racing when we can, when that will be possible, and have as many races as we can but I think now it's too early to have a clear picture of what will be the future." Binotto: F1 should avoid 'emotional' cost-cap decisionīinotto addressed a number of topics in the interview - which can be watched in full by clicking play at the top of the article - including on F1's financial concerns. But I think by the end of May we will have a clearer picture. "F1 is certainly trying to organise the best season, maybe starting early July if that would be possible but we cannot have any confirmation at the moment. "I think it is very difficult to answer ," he added.
"It is important to be flexible and making sure we can have good races as well for the fans."īinotto did, however, admit that it is not yet clear when F1 will get back on track - although he is hopeful for an early-July start. From our side, we are ready for whatever is needed whether short race weekends, double races, whenever it will finish or packing the races together.
"I'm pretty sure Chase and the teams will be capable of putting together the best championship we can have.
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