Ferrari team principal Mattia Binotto has warned that the manufacturer will have to consider whether to remain in Formula 1 or not if the $145 million budget cap were to decrease further. With nine races postponed or cancelled to date, Formula 1 teams and officials have been considering ways to cut future costs, but Binotto says that the differing situations between teams mean there is no universally satisfying solution. Article continues under video “F1, we have all sorts of teams with different characteristics,” Binotto told The Guardian. “They operate in different countries, under different legislation and with their own ways of working. Therefore it is not simple and...
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