Former Haas team principal Guenther Steiner likens competing against the other nine Formula 1 teams as “going into a gunfight with a knife” and believes that the team's model needs to change moving forward.Gene Haas opted to replace Steiner with Ayao Komatsu over the winter, citing the poor results that...

Red Bull team principal Christian Horner has hit out strongly at McLaren Racing CEO Zak Brown for his letter to the FIA saying an overspend of the budget cap would constitute cheating, saying he is “absolutely appalled” at the comments.Brown wrote to the governing body after it announced Red Bull...

The FIA and Red Bull Racing are in negotiations over the minor overspend breach that the team has been accused of, as it maintains it did not break budget cap regulations.Red Bull was the only team named by the FIA as having overspent on the 2021 Financial Regulations when the...

Lewis Hamilton says it is “imperative” the FIA severely punishes any budget cap breaches and hopes the delay in issuing certificates is due to the governing body taking the situation seriously.The FIA was due to issue certificates of compliance on Wednesday, but amid speculation that both Red Bull and Aston...

The FIA has delayed the publication of certificates of compliance relating to the 2021 financial regulations until October 10 after missing today’s self-imposed deadline.Formula 1’s governing body had originally stated it would issue certificates to teams found to have complied with the budget cap on Wednesday, following months of analysis...

Mercedes team principal Toto Wolff says the alleged financial regulations breach by one team is a “massively heavyweight” issue amid speculation Red Bull could face penalties.RACER understands two teams have failed to abide by the new financial rules ahead of the FIA’s planned publication of certificates on Wednesday, with Red...

The FIA says it will deal with any breaches of the financial regulations accordingly, amid speculation that Red Bull is one of two teams to exceed the budget cap last year.Teams have submitted their final 2021 accounts to the FIA, with last year the first season that they were bound...

A meeting of the Formula 1 Commission resulted in the FIA’s introduction of a technical directive to prevent excessive porpoising being pushed back to the Belgian Grand Prix at Spa, while the budget cap has been increased due to inflation.The two topics have been major talking points in recent weeks,...

Given the wider global situation and the ongoing uncertainty about when ‘normal’ life will resume, you’d be forgiven for not placing too much emphasis on something happening via e-vote in Formula 1.But the FIA World Motor Sport Council’s approval of a number of future regulations could prove to be a...

The FIA World Motor Sport Council has formally approved significant Formula 1 rule changes over the next three years, including budget cap levels and aerodynamic testing restrictions.As reported last week, the budget cap will start at $145 million next year and drop to $140m in 2021 before lowering even further...