Haas boss Guenther Steiner says the current economic downturn has highlighted Formula 1 teams' propensity to operate "too much on the edge". The emergence of the coronavirus pandemic has wreaked havoc on the F1 calendar but also on Grand Prix racing's finances, with teams unexpectedly deprived of income and struggling to make ends meet. Commercial rights holder Liberty Media, along with the FIA and in concertation with the teams, has implemented several cost saving measures to help safeguard the sport, and especially its smaller midfield competitors, during these difficult times. From a freeze on research and development to extending the life of this year's chassis designs into...
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