Both Ferrari and Williams have expressed concerns regarding Formula 1’s upcoming Concorde Agreement set to come into effect in 2026. The current agreement struck by Formula One... read more »

FIA president Mohammed ben Sulayem has cited inflation as the reason for increasing the maximum fine handed out to drivers to $1m. read more »

F1 introduced its first set of financial regulations for the 2021 season, restricting teams to a yearly budget of $145 million. This was initially set to fall by $5m per year,... read more »

Former Williams team principal and CEO Jost Capito has warned inflation could cause further issues with F1's budget cap. read more »

F1's gliding budget cap was set at $140m for 2022, with $1.2m added for having more than 21 races and as an extra allowance for sprint race costs.After long discussions... read more »

AlphaTauri team principal Franz Tost believes that the FIA avoided a "nightmare" situation by increasing the F1 cost cap in reaction to soaring inflation rates. read more »

Mercedes team principal Toto Wolff has warned that an allowance agreed on the cost cap by the F1 Commission is not enough to cover recent inflation rises. read more »

At Friday morning's meeting of the F1 Commission it was decided to add a 3.1% inflation allowance to the original cost cap figure.Teams had been working to the basic total... read more »

Formula 1's budget cap has been increased for 2022 to fight rising inflation. read more »

Formula One approved a small increase to its $140 million per team annual budget cap on Friday to help with the burden of inflation and rising energy and freight bills. read more »

A meeting of the F1 Commission has resulted in a decision being made regarding calls for the budget cap to be increased in light of inflation. With Formula 1’s financial... read more »

F1 introduced its first set of financial regulations for the 2021 season, setting an initial budget cap for the year of $145 million per team. This dropped to $140m for 2022,... read more »

Formula One teams will discuss a cost cap adjustment, to reflect soaring energy costs and inflation, at a meeting in Austria on Friday although an agreement could still be some... read more »

The F1 Commission will meet in Austria with the cost cap and the FIA porpoising technical directive among the key items on the agenda for what is expected to be a heated... read more »

Ahead of the Austrian Grand Prix at the Red Bull Ring, F1 teams , Formula One Management and the FIA will meet to discuss a number of burning topics that are being put forward... read more »

Amid ongoing debate among grand prix racing's chiefs about how best to address problems triggered by rising inflation and the cost of living crisis, teams are reluctant to... read more »

Amid a dramatic rise in inflation and a cost of living crisis, a number of squads are struggling to stay below the $140 million budget cap limit sent for this year.Some... read more »

Red Bull boss Christian Horner fears F1's title fight could end up in court if the FIA does not increase the sport's yearly cost cap, which he says has also put... read more »

Several top teams have indicated that staying within the cap will be impossible as a result of inflation and rising freight costs, with Red Bull's Christian Horner... read more »

F1 introduced a budget cap at the start of the 2021 season, initially limiting teams to spending $145 million per year. This figure dropped to $140m for 2022 and will fall by a... read more »

Pressure to raise the budget cap continues to mount in the face of high inflation rates, admits Ferrari's Mattia Binotto. read more »

Ferrari Team Principal Mattia Binotto has warned that Formula 1 teams will hit the budget cap cut off "very soon". Some outfits have called on F1 to raise the $140... read more »

Following the pandemic and the war in Ukraine, inflation in several European countries has soared to its highest level in decades and the increased energy and transport costs... read more »

Alpine team principal Otmar Szafnauer has insisted the budget cap will not need to be adjusted in the face of inflation despite warnings from F1's big three teams. read more »

F1's $145 million cost cap has come under increased pressure due to the rising inflation and energy prices as a result of Russia's invasion of Ukraine.Freight and... read more »