Ferrari has clarified comments made by team boss Mattia Binotto and asserted that the squad remains committed to racing in Formula 1. Formula 1 is to introduce a budget cap of $175m from 2021 though this figure has been under discussion amid the ongoing coronavirus crisis. Ferrari has been one of the primary opponents of a further reduction, pointing to the fact it supplies some components to other teams, while also working under different labour laws to most other Formula 1 operations. In an interview with The Guardian, published on Wednesday evening, Binotto was quoted as saying: “It [a lower budget cap] cannot be attained without further significant sacrifices, especially in terms of...
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