Ferrari wants "soft landing" for budget cap extended

Ferrari boss Mattia Binotto wants an extension of the “soft landing” that gives Formula 1 teams more time to adjust to the budget cap.

Ferrari wants "soft landing" for budget cap extended

When the new financial regulations come into play in 2021, teams will be restricted to a spend of $145m, and the major players have to downsize or redeploy staff.

Ferrari has the option of moving people to its road car division, while both Mercedes and Red Bull have been creating projects that allow them to use F1 staff in other areas.

Earlier this year it was agreed to give those teams an extra six months to adjust, but Binotto says it’s not enough.

Ferrari’s position is complicated by an Italian government decree that mandates a freeze on lay-offs during the pandemic.

“I think the question is a good one,” said Binotto. “Very importantly at that stage, the soft landing has been decided, approved with all the teams, F1, FIA at the time, knowing that with the COVID situation, the fact that it has been very difficult to dismiss people, to lay off people in that period.

“Knowing that as well in terms of message, it would be completely wrong, I think, to lay off people when we are in such a COVID pandemic situation.

“And I think the fact that the pandemic is not finished and we are still have now, let me say, an emergency matter, the mechanism of the six months eventually needs to be reviewed, and eventually we should try to postpone that mechanism, by the end of the year.”

Read Also:

Binotto confirmed that he is lobbying the FIA on the matter,

“I think that as social responsibility, it would be again, very bad to dismiss people during the COVID, and knowing that we need to do it very soon, we don’t believe that would be the right approach.

“So it’s something on which I’m very keen, and I would like and I will discuss with the FIA to understand, and with the other teams – is there any possibility to accommodate what is still an emergency situation?

“That’s on one side. On the other side, as we’ve said, how are we organising ourselves. Obviously we were trying to restructure our team. We are trying to reallocate people on the road cars because we are still a very big company.

“These are some opportunities we’ve got. But it’s a difficult exercise on which we have started. The solution is not obvious.”

shares
comments

Related video

Pirelli defends 2021 F1 tyres amid vocal driver criticism

Previous article

Pirelli defends 2021 F1 tyres amid vocal driver criticism

Next article

Wolff warns of “fuel and oil war” with new F1 engines

Wolff warns of “fuel and oil war” with new F1 engines
Load comments
The details that boosted Verstappen and held back Hamilton in Austin Prime

The details that boosted Verstappen and held back Hamilton in Austin

As the 2021 Formula 1 title battle winds towards its climax, the United States GP added another thrilling act in the Lewis Hamilton-Max Verstappen battle. Although Hamilton aced the start, Verstappen and Red Bull took the initiative with strategy and were richly rewarded, despite Mercedes' best efforts as the race went down to the wire

US Grand Prix Driver Ratings Prime

US Grand Prix Driver Ratings

On a baking hot afternoon in Texas, Formula 1 drivers were tested to their limits. As the pressure on the title contending squads reaches an ever-greater level of intensity, the foremost challengers again showed their class, but were outshone by a standout drive from the upper midfield

The 10 greatest drives of lost legend Jo Siffert Prime

The 10 greatest drives of lost legend Jo Siffert

It's 50 years since Jo Siffert was killed in his prime at Brands Hatch. The Swiss scored just two world championship wins in a Formula 1 career spent largely with privateer teams, but showed on numerous occasions in single-seaters and in sportscars with Porsche that he could beat any of the best drivers of his era given the right equipment.

Formula 1
Oct 24, 2021
Why a misunderstood Kimi Raikkonen will thrive in retirement Prime

Why a misunderstood Kimi Raikkonen will thrive in retirement

Three years on from Kimi Raikkonen's last Grand Prix victory at Austin, he is now six races away from ending the longest Formula 1 career in history. His friend and former Ice1 Racing rally team PR man Anthony Peacock explains why there’s nobody quite like the 2007 world champion and why F1 will miss him (but he won’t miss it).

Formula 1
Oct 24, 2021
How Verstappen has become F1 champion material Prime

How Verstappen has become F1 champion material

As Red Bull and Honda go all-out for victory in the Japanese engine manufacturer’s last season of its latest Formula 1 dalliance, Max Verstappen finds himself thrust into a compelling title fight with Lewis Hamilton. He told OLEG KARPOV about his evolution into a world championship contender and why Red Bull's no compromise ethos suits him down to the ground

Formula 1
Oct 23, 2021
Why long-run times should please Red Bull in Austin F1 battle Prime

Why long-run times should please Red Bull in Austin F1 battle

Mercedes has been on a roll of late in the ultra-tight fight to win the 2021 Formula 1 world championship. It started off well in practice at Austin for this weekend’s US Grand Prix, but Red Bull got closer as Friday unfolded and even seemed to find an edge in one critical area of what seems set to be set to be another close contest.

Formula 1
Oct 23, 2021
The six critical factors that could hand F1 2021 glory to Hamilton or Verstappen Prime

The six critical factors that could hand F1 2021 glory to Hamilton or Verstappen

The 2021 Formula 1 title battle is finely poised with six races remaining, as just six points separate championship leader Max Verstappen from seven-time champion Lewis Hamilton. In such a closely-fought season, the outcome could hinge on several small factors playing the way of Red Bull or Mercedes

Formula 1
Oct 22, 2021
Can Whitmarsh appointment help Aston succeed where its F1 rivals failed? Prime

Can Whitmarsh appointment help Aston succeed where its F1 rivals failed?

Aston Martin owner Lawrence Stroll is determined to make the group a billion-dollar business. MARK GALLAGHER analyses his latest play – bringing former McLaren team principal Martin Whitmarsh into the fold

Formula 1
Oct 22, 2021