Ferrari had to put the F1-75 on hold because they ran out of money for 2022.
Mattia Binotto, the principal of the Ferrari Team, said that his team couldn’t keep working on their 2022 car because they had spent more than what Formula One’s budget cap allowed.
In 2022, Charles Leclerc’s Scuderia established itself as the team to beat by winning two of the first three races and leading the championship.
However, as the season progressed, Red Bull and Max Verstappen emerged as the field’s class with three races remaining.
Both the Drivers’ and Constructors’ championships had already been won.
In each of the last three Grand Prix, at least one Silver Arrows driver has finished ahead of both Ferraris, including a dominant 1-2 finish in Brazil the previous time around. Mercedes also appears to have surpassed Ferrari in recent weeks.
Binotto acknowledged after the Brazilian Grand Prix that Ferrari lacked the funds to continue developing the F1-75 because it had reached the $140 million limit for 2022.
“There was no other option.” The Italian continued, “Ferrari had decided to stop developing the F1-75, but employees at their Maranello factory were continuing to work on their 2023 challenger.”We had no more chance of developing the car because we had just completed the budget cap funding. development in 2023.
He explained, “We didn’t think twice about the year’s vehicle improvement, but absolutely we chose to stop the ongoing one, in light of the fact that on top of this typical advancement on the ongoing vehicle, you would have to do to deliver the parts, welcome them on time, and that was the additional costs that we were unable to bear.
” He said. “We didn’t think twice about the year’s vehicle improvement, but absolutely we chose to stop the ongoing one.”
Mercedes’ recent upturn in fortunes means that the Silver Arrows are just 19 points behind the Scuderia in the Constructors’ Championship and may even surpass Ferrari at this weekend’s season finale in Abu Dhabi. This is the case despite Ferrari’s competitive advantage throughout the majority of the season.
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