Ferrari plans to enter IndyCar due to new F1 budget limit for 2021
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Mattia Binotto, director of the Ferrari F1 team: "Ferrari feels a lot of social responsibility towards its employees … for this reason, we are considering IndyCar"
Last update: 5/ 14/20 10:47 p.m.
Mattia Binotto has been the director of the Ferrari F1 team since January 2019
Ferrari is exploring the possibility of entering IndyCar, according to the director of his Formula 1 team, Mattia Binotto.
Binotto said the new budget limit of $ 145 million for teams in 2021 would result in layoffs, and that the Italian automaker was looking for options to ensure that its employees kept their jobs, albeit in a different field.
The budget cap was originally set at $ 175 million, but some teams wanted a limit closer to $ 100 million to ensure the sport overcomes the coronavirus pandemic.
"Ferrari feels a great social responsibility towards its employees and we want to be sure that for each of them there will be a workspace in the future," said Binotto. Sky in italy.
Ferrari could enter IndyCar
"For this reason, we have started to evaluate alternative programs and confirm that we are reviewing IndyCar, which is currently a category very different from ours.
"At Ferrari, we are structuring ourselves according to the budget approved last year ($ 175 million), and the further reduction represents a major challenge which will inevitably lead us to review the staff, the structure and the organization. "
American Mario Andretti, one of four men to win the Formula 1 and IndyCar championships, said this week that he would like to see Ferrari as an engine supplier and manufacturer of chassis at IndyCar.
Binotto said that Ferrari is also considering endurance racing as another option.
"We are also looking into the world of endurance racing and other series," he added. "We will try to make the best decision."