News Details

Haas won't increase its budget to match cap

Formula 1's budget cap for 2021 may be $175 million but that doesn't mean Haas will meet it, says team boss Guenther Steiner. One of the smaller teams on the F1 grid, the American outfit reportedly spent $150 million last season. That is a long way off of the $484 million Mercedes laid down to win a sixth championship double. However, it is also some way off the $175m budget cap that Formula 1 will introduce come 2021. Steiner, though, is adamant that Haas, who will be without a title sponsor in 2020 after its relationship with Rich Energy imploded last season, won't up the spending to match the cap. 'We'll stay with what we have got,' he told RaceFans. 'We are quite conservative with...
Full Story »
6y ago from PlanetF1.com 0
Share

You May Also Be Interested In...

Japanese GP start time shifted earlier for 2020

Formula 1 has confirmed the schedule for October’s Japanese Grand...
6y ago from MotorsportWeek.com

Lewis Hamilton hits out at 'false reports' over...

Reigning World Champion Lewis Hamilton has hit out at reports surrounding...
6y ago from MotorsportWeek.com

FIA ready to take action over China as more sports...

Motorsport’s governing body, the FIA, says it will evaluate its...
6y ago from MotorsportWeek.com

Cyril Abiteboul challenges Renault F1 juniors to claim...

Renault Formula 1 boss Cyril Abiteboul has challenged its junior drivers...
6y ago from MotorsportWeek.com

Elsewhere On The Network

Popular On MGPToday.com

MotoGP: Qatar GP ‘unlikely', but a ‘plan...

MotoGP Sports Entertainment Group has admitted that the Qatar Grand Prix...

Popular On IndyCarToday.com

Mick Schumacher’s IndyCar debut returns him to the...

Mick Schumacher began his IndyCar career this past weekend, competing in...

Watch: Mick Schumacher taken out on opening lap of...

Fans of Mick Schumacher could switch off early after his IndyCar debut at...

Popular On TotalWRC.com

Popular On GunnersToday.com

Chelsea legend John Terry makes Arsenal PL title...

Chelsea legend John Terry believes Arsenal have all but sealed the Premier...
29m ago from SportsKeeda.com

22-G/A this season: Liverpool looking to sign...

Liverpool is interested in signing Federico Dimarco from Inter Milan...
19m ago from CaughtOffside.com

Arsenal are looking to sign 30m German after 'glowing'...

Arsenal are reportedly interested in signing the Werder Bremen defender...
9m ago from CaughtOffside.com

Comments

Hottest News

Recent News


2014 GPToday.com
GPToday.com is not responsible for the news headlines and associated descriptions and images it indexes, the content of externally linked sites or the comments & postings of its users.

This website is unofficial and is not associated in any way with the Formula One group of companies. F1, FORMULA ONE, FORMULA 1, FIA FORMULA ONE WORLD CHAMPIONSHIP, GRAND PRIX and related marks are trade marks of Formula One Licensing B.V.