• Categories
    • Accessories
      • Exterior Accessories
      • Interior Accessories
    • Cleaning & Detailing
    • Electronics
      • Audio
    • Engine & Performance
    • Home Care
    • Motorbikes & Bikes
    • Off-road Vehicles
    • RV Campers
    • Tires & Wheels
    • Tools
  • About Us
GrandPrixTimes
  • Categories
    • Accessories
      • Exterior Accessories
      • Interior Accessories
    • Cleaning & Detailing
    • Electronics
      • Audio
    • Engine & Performance
    • Home Care
    • Motorbikes & Bikes
    • Off-road Vehicles
    • RV Campers
    • Tires & Wheels
    • Tools
  • About Us
  • News

No more upgrades for Ferrari because of the budget cap

  • November 15, 2022
  • Alexander Iliev
Ferrari F1-75
Ferrari F1-75 remained pretty much unchanged for the second part of the season

Ferrari Team Principal, Mattia Binotto, blamed the budget restrictions for the lack of upgrades from his team. The Scuderia started the season with high hopes because of its fantastic performance.

Once at the top of the table Ferrari was quickly caught by its opponents

However, rivals Red Bull, and eventually Mercedes, managed to close on and overtake Ferrari on race pace. The main reason for that is the approach each team has towards its research and development segment.

The #BrazilGP in a nutshell 🇧🇷#essereFerrari🔴 pic.twitter.com/QhDYAbcGRY

— Scuderia Ferrari (@ScuderiaFerrari) November 15, 2022

Some like to introduce a lot of incremental upgrades. Actually, this is Adrian Newey’s known formula. On the other hand, Ferrari was expected to introduce only a few bigger upgrades down the line.

Unfortunately, the “Prancing Horse” didn’t manage to execute its plans to the fullest. Their latest update was a minor change on the floor for the Japanese Grand Prix, intended to make the F1-75 more suitable for the Suzuka track.

Floor changes for the Japanese Grand Prix
Floor changes for the Japanese Grand Prix, the last upgrade for Ferrari

“So simply we were at the cap and had no more opportunity of developing the car. So we simply stayed where we were” is what Binotto told the media after the Brazilian Grand Prix.

The budget cap is meant to bring the grid closer together

The budget cap has been hardest on teams like Ferrari, which relied on pumping millions of dollars into their F1 team yearly. In 2021 however, Formula 1 introduced a $145 million limit, which dropped to $140 million in 2022. From 2023 to 2025 it will go further down to $135 million.

“We didn’t compromise next year’s car development, but certainly we decided to stop the current one,” said Binotto. This is good news for Ferrari fans, but it may cost the Scuderia some sweet revenue if Mercedes manage to overtake them for second place in the championship.

Alexander Iliev
Alexander Iliev

Alexander was interested in Formula 1 even before he started talking. Often going for hours-long monologues about F1, he wasn't the most popular kid in high school. Now an adult, and with the pain endured as a Ferrari fan, he is excited to share with you all there is to know about Formula 1.

You May Also Like
View Post
  • News

Daniel Ricciardo returns to Red Bull as a third driver

  • Alexander Iliev
  • November 24, 2022
View Post
  • News

Post-season test: Ferrari drivers take over the top three

  • Alexander Iliev
  • November 23, 2022
View Post
  • News

Logan Sargeant confirmed as a 2023 Williams F1 driver

  • Alexander Iliev
  • November 21, 2022
View Post
  • News

Abu Dhabi GP: Max Verstappen Finishes the 2022 season with another win

  • Salman Javaid
  • November 21, 2022
View Post
  • News

Abu Dhabi GP Qualifying: Max Verstappen gets the final Pole position for the 2022 F1 season

  • Salman Javaid
  • November 20, 2022
View Post
  • News

Abu Dhabi GP FP3: Sergio Perez fastest in the final practice of the season, Lewis Hamilton escapes Penalty

  • Salman Javaid
  • November 19, 2022
View Post
  • News

Abu Dhabi GP FP2: Max Verstappen goes fastest under the lights

  • Salman Javaid
  • November 19, 2022
View Post
  • News

Abu Dhabi GP FP1: Hamilton is on top with Russel a close second

  • Alexander Iliev
  • November 19, 2022
GrandPrixTimes
  • About
  • Terms of Service
  • Privacy Policy
  • Contact
Grand Prix Times

Input your search keywords and press Enter.