Ferrari sporting director Laurent Mekies says this year's reduced cost cap in Formula 1 will likely constrain in-season development programs. In 2021, teams restricted their rate of updates over the course of the season as resources were assigned to the development of their all-new 2022-spec cars. But this year, while cars will evolve at a faster pace relative to 2020 and 2021, teams will need to compose with the sport's budget cap that has been incrementally reduced by $5 million to $140 million. "Not compared to this year [2021], because this year obviously was near zero, or at least for us was very little, but if you go back to 2019, 2018, we think you will see less," Mekies...
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