Formula 1 to meet on budget cap reduction & virus testing plans

F1 is also closing in on plans to re-start the season in Austria in July amid a tightly controlled environment. The Italian team say their biggest concern is over the number of redundancies that would be involved if the cap was lower than $150m. Mercedes have similar concerns but have indicated that they would accept a figure of $145m – as long as overall spending is also addressed, including a limit on engine development costs, which is currently one of a number of exemptions from the cap. Formula Ross Brawn: “That was a long battle to get it there.”

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