Haas principal Guenther Steiner says the team's owner Gene Haas will decide whether or not to stay in F1 based on the new commercial agreement, not a budget cap. In response to the current financial strain on the Formula 1 teams, an agreement was reached to reduce the budget cap which will arrive next season from $175m to $145m per season. There will also be further cost-cutting measures introduced, including limits and sliding scales on the amount of time that teams can spend in the wind tunnel for development. But these financial controls don't interest Gene Haas, instead he wants to see the new commercial agreement for next year before deciding on the team's F1 future. 'Formula 1 has...
Full Story »