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What is F1's budget cap?

Formula 1 introduced a budget cap in 2021 to make the sport fairer and more sustainable. It limits how much teams can spend on car development, operations, and staff over a season. Mercedes' boss Toto Wolff mentioned they've added fewer new parts than Ferrari to stay within this $215 million limit, showing how it directly impacts team strategy and performance.

Stories that explain this

Mercedes F1 adds 24 new parts, Ferrari 40, Wolff says.

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