Jun.16 Jean Todt has welcomed news that Ferrari and Mercedes are looking into expanding beyond Formula 1. The FIA president said installing an even lower than originally planned budget cap for 2021 - $145 million per team - is the right thing to do. "We had to be ambitious because with the costs of before, Formula 1 was unsustainable," the Frenchman told the Italian newspaper Corriere della Sera. "The gap between the large, medium and small teams was too big." But big-spending teams like Ferrari and Mercedes have warned that being forced to downsize and the prospect of sacking staff means they are looking into re-deploying personnel into other racing categories....
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