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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...
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8y ago from MotorsportWeek.com
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