Formula One news

Ferrari call for F1 budget cuts

Ferrari has called for a radical cut in F1 budgets. After a long period in which it was the best financed team in pitlane, the Maranello outfit is enduring a decline. Mother backer Fiat is in dire straits, big sponsor Vodafone is about to leave for McLaren, and the Italian team's worst year in the Schumacher era struck in 2005.

Technical director Ross Brawn said Toyota's budget is around the $500m mark, and it was recently revealed that Honda spent even more than that during the year. "We need to make sure $100m is a more than adequate budget to compete and win in F1," the Briton told Autosprint.

Nonetheless, Brawn reckons work at Ferrari this winter has never been as fever-pitched. Work is not only going into the car, tyre and engine, but 'improving the organisation of the team'.

He added: "The lesson we've learned from 2005 is that we need to have a more aggressive approach."

more news

• 07 Jan.
  • Ecclestone reveals September deadline for Donington
  • Ferrari willing to supply 'Honda' with engines
  • Brawn says Honda won't test before season
• 06 Jan.
  • Ferrari to use electronic pitstop system in 2009
  • Kubica to start karting team
  • Webber's recovery going well
  • Ferrari to reveal new car next week
  • Stewart hits out at Ecclestone and Mosley
• 05 Jan.
  • Red Bull's RB5 to debut in February
  • Suspended sentence and fine for Verstappen
  • Berger confirms Buemi for STR
• 04 Jan.
  • Kubica expecting more accidents
• 03 Jan.
  • Encouraging news for Donington
• 02 Jan.
  • Di Resta still hopeful of F1 drive
  • "Title loss would have damaged Hamilton's reputation"
• 01 Jan.
  • Hakkinen supports medals system
• 31 Dec. '08
  • Kubica: Next year is a big challenge
  • Hakkinen: Vettel will soon be a Formula 1 champion
  • Hamilton receives MBE award
  • Heidfeld expects more accidents in 2009
• 30 Dec. '08
  • Hamilton to join Madame Tussauds
  • Ecclestone: Button should take a sabbatical
  • Manager: Alonso would love to join Ferrari one day
  • Changes at Toro Rosso
• 29 Dec. '08
  • Hamilton to miss victory parade in Woking
  • Alonso to join Ferrari in 2011?
  • Mexican billionaire denies Honda bid
• 28 Dec. '08
  • Mexican buyer for Honda?
• 27 Dec. '08
  • F1 drivers positive on Algarve circuit
• 26 Dec. '08
  • Montezemolo says KERS introduction is a mistake
• 25 Dec. '08
  • Season's greetings from GPUpdate.net
• 24 Dec. '08
  • Massa against proposed pay cut
  • Ferrari undecided over Schumacher future
  • Karthikeyan not interested in joining Force India
  • Mosley: Finding a successor won't be easy
  • Ecclestone won't split teams - Howett
  • Mosley may still try to continue
• 23 Dec. '08
  • WSR team Draco teams up with Force India
  • Howett: Ecclestone not able to split FOTA
  • Toyota committed to Formula 1

Homepage