My first involvement with Formula E was on September 9th, 2013. A year before the first race in Beijing, I was at the Frankfurt Motor Show to host a short series of videos for the series’ YouTube channel explaining what the brand new series was all about. Almost nine years and 100 races later, I’m in a hotel looking out the floor-to-ceiling windows at Seoul, a modern metropolis, ahead of the Season 8 finale. The phrase “the more things change, the more they stay the same” was coined by French writer Jean-Baptiste Alphonse Karr, and it feels perfectly apt for Formula E, because despite huge changes in so many ways since the championship’s inception, it remains the same sporting joy that it was all those years ago for me. As an example, consider Season 1 of Buenos Aires. It was the fourth Formula E race, and it was a beautiful sunny day in the Argentine capital, with temperatures reaching 31 degrees at the start of the race. I had eaten far too many steaks, and Sebastien Buemi was in pole position. Buemi took the lead, but crashed out with 12 laps remaining. Di Grassi took the lead, but crashed out three laps later at the same corner. Heidfeld took over the lead, but received a drive through penalty for exiting the pits when the pit exit was closed, which he served on the final lap, meaning Antonio Felix da Costa won the race from eighth on the grid after leading only the final lap. Season 8 of New York City is now available. It was the 95th Formula E race, and it was a beautiful sunny day in the United States’ largest city, with temperatures reaching 29 degrees at the start of the race. I was eating way too much pizza, and Sebastien Buemi was starting fifth on the grid. We were having a great battle for first place when the rain came, and chaos ensued. Cassidy crashed out of first place. Di Grassi would have inherited first, had he not crashed out at the exact same time. The red flag was flown, and Cassidy still won the race having been in the barriers when the race ended.

Clearly, so much has changed between those two races. Season 1, the cars were considerably slower, and wouldn’t last a full race distance, forcing the drivers to swap cars half way through. There were only two full car manufacturer entries of Mahindra and Venturi, compared to nine last season! Thirty-six drivers competed in 20 cars in the first year, whereas Season 8 would have had every driver complete the full season had Sam Bird not broken his hand in London last time out. The level of professionalism, efficiency and performance of the teams and drivers has increased exponentially year-on-year. The same buzz, eight seasons on But for all the undeniable growth Formula E has experienced, it still feels the same to me. I still have the exact same buzz before a race that I have had ever since that fourth race in Buenos Aires. That was the race that showed me what Formula E could be, and what the sporting proposition of this championship is all about; intense, unpredictable motor racing. Electric motor racing, but motor racing nevertheless, and perhaps that is the thing that feels the most familiar after nine years in this paddock. We started with a goal to improve the perception and uptake of electric vehicles, and that goal still remains, and the best part is that whether it’s the drivers, teams or partners, everyone is united on that front and continues to work together to try and make this championship as good as it can be. So, after Formula E began with a race around the Olympic Stadium of an East Asian capital city, we get ready to celebrate the 100th event with a race around the Olympic Stadium of an East Asian capital city. “Plus ça change, plus c’est la même chose”.

Sebastian Vettel has had an outstanding F1 career, but aside from his remarkable sporting results, the four-time world champion has named the one thing he will remember about his life and times as a Grand Prix driver.
Vettel will retire at the end of the current season, having won 53 races, 57 pole positions, 122 podiums, and four world championships in his nearly 16 years in F1. He achieved the majority of his success with Red Bull between 2010 and 2013.
Vettel’s retirement announcement at the end of the season, just ahead of the recent Hungarian Grand Prix, was met with unanimous praise from his colleagues, particularly his former arch-rival Lewis Hamilton, with whom he battled for the world title during two hard-fought seasons with Ferrari.

Also read: Vettel says his “biggest challenge” is still ahead of him.

“We will miss him after so many years of sharing the track and having good fights,” the Mercedes driver said.
“Obviously, I was involved in all of his championships! He’s a great champion as well as a great man with strong values.” Sad because I’ve lost an ally on the grid, but I know he’ll be doing great things outside of the sport, and we’ll always be friends, and I hope there are other things we can do together outside of the sport.”

Speaking of friendship, Vettel stated that the personal relationships he has formed in the sport over the years will be an important part of his legacy.
“I was asked, ‘What do you keep?’ and I replied, ‘I will keep a lot of silverware!'” At the Hungaroring, Vettel spoke to the media.
“But I think it’s more about the memories, the emotions, the highs and lows, and the people I’ve met.”
Lewis is clearly one of the pivotal figures in the last few years, as are the friends I’ve made. It would be a much more difficult decision to retire if you gave up everything and lost all of these people.” Obviously, I won’t see them as frequently as I do now, and things will be different, but the friendships, people, and relationships will endure. “That’s probably the biggest one I’m looking forward to keeping, and the most meaningful legacy.”

Vettel also said that he will head into his well-deserved retirement feeling that he made the most of his time in F1 and that he is happy to make room for the “new kids on the block”.
“I think we all have a limit,” he said. “Obviously, if you achieve more then it’s a little bit further, you’re pushing that a little bit further. ” But I think it’s good; there are new kids on the block and they’re doing great. The time today and tomorrow belongs to them, so that’s just how it goes.
“We all have our time and I think, most importantly, we make the most of it and we enjoy it, and then move on and make room for the next ones.”
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Lewis Hamilton has revealed that he had to decline a role as a fighter pilot in Top Gun: Maverick, calling it “the most upsetting call” he’s ever made. The seven-time world champion considers himself a good friend of actor Tom Cruise, who played the lead role in both the 1986 original and the recent Hollywood blockbuster, which grossed $AUD1.8 billion. On Kayo, you can watch every practice, qualifying, and race of the 2022 FIA Formula One World ChampionshipTM live. Are you new to Kayo? Begin your free trial today > Hamilton recalls being invited to one of Cruise’s film sets as the beginning of their friendship. Hamilton was described by Vanity Fair as “one of the nicest people you’ll ever meet.” “He invited me to his set years ago when he was doing Edge of Tomorrow, and we just grew up together.” When Hamilton learned that a Top Gun sequel was in the works, he was ecstatic because he grew up loving the film. “So when I found out about the second one, I was like, ‘Oh my god, I have to ask him,'” Hamilton explained. Tom Cruise shakes hands with Lewis Hamilton ahead of the British Grand Prix at Silverstone. (Photo courtesy of Lars Baron/Getty Images) Photographer: Getty Images EVEN MORE COVERAGE Daniel Ricciardo is looking for a large payday as the end of his McLaren career approaches. Hamilton’s surprise retirement admission spells bad news for Ricciardo amid long game twist Ricciardo posts for first time since shock McLaren dumping “I said, ‘I don’t care what role it is. I’ll even sweep something, be a cleaner in the back.’” Cruise obliged, but he wasn’t going to give Hamilton a cameo appearance. Instead, the megastar wanted the Mercedes driver to be one of the fighter pilots. There was just one catch: filming was set to take place during the back-end of the 2021 F1 season when Hamilton was locked in a tense battle with Max Verstappen for the world championship. Knowing he had to turn down the chance of a lifetime, Hamilton was devastated when he made the call. “I’m a perfectionist,” Hamilton said. “The most upsetting call that I think I’ve ever had.” F1 TRACK SET TO MAKE APPEARANCE IN … CALL OF DUTY? Christmas has come early for the cross section of F1 and Call of Duty fans. Infinity Ward, the developers of the video game, released a trailer that confirmed the Marina Bay Circuit in Singapore will be a playable map in the latest edition of the famous franchise. In an official statement, Infinity Ward confirmed the map would be playable in the Modern Warfare II Beta for fans to get a taste of what’s to come. “The Modern Warfare II Beta is set to feature a robust multiplayer experience going beyond the Core 6v6 experience with a variety of meticulously designed maps of various sizes, and an equally impressive set of Modes, Progression experiences, and other aspects that will be more thoroughly revealed at Call of Duty: Next,” the statement read. “In addition, we revealed a fly-through of Marina Bay Grand Prix, where combat occurs within the main infield of an urban race circuit, one of the 6v6 Multiplayer maps confirmed for the Beta.” The pit lane in Singapore will look a little different in this year’s Call of Duty. (Photo by Lars Baron/Getty Images)Source: Getty Images There does not look to be any official F1 branding or names of the drivers, suggesting it is not an official partnership between them and Call of Duty. Funnily enough, the worlds of F1 and Call of Duty have intertwined previously, as Lewis Hamilton was a non-playable character in Call of Duty: Infinite Warfare, released in 2016. VIVA LAS VEGAS! F1’S FIRST DATE IN SIN CITY LEAKED What happens in Vegas might very well have grand implications in the title race as the date for the Las Vegas GP has been leaked. A Letter of Intent for the race between Liberty Media and the Convention Bureau was posted on Twitter and eagle-eyed fans noted the date. The Las Vegas GP is slated to take place on November 18 and it would remain on that date until 2027 when the contract expires. Based on the current F1 calendar, it would mean the race in Sin City would be the penultimate race of the season as the Abu Dhabi GP will take place on November 20 this year.

©Formula1 According to a leaked document, next year’s inaugural Las Vegas Grand Prix will precede the final round of the 2023 F1 season in Abu Dhabi, forming a grueling double-header with Yas Marina.
A letter addressed to the Las Vegas Convention and Visitors Authority by Liberty Dice – a new entity formed by Liberty Media to promote the Las Vegas event – and leaked on social media indicates that Sin City’s first F1 event will take place on Saturday, November 18, or just a week before Grand Prix racing’s season finale in Abu Dhabi.
The race will begin at 10 p.m. local time, which translates to 6 a.m. and 7 a.m. for viewers in the United Kingdom and Europe, respectively.
F1 teams are unlikely to be pleased with the Las Vegas event’s planned scheduling, which includes a 19-hour flight and a massive 12-hour time difference, not to mention a tiring packing-up for crews on site in Vegas that will last all night due to the race’s late evening start.

The letter states that a five-year agreement has been reached between F1 and the city of Las Vegas, potentially keeping the race as the penultimate round on the calendar until November 2027.
The 6.1-kilometer, 14-turn street circuit in Las Vegas will include a portion of the city’s famous strip, and The Formula One Group has paid $240 million for a plot of land on which to build its permanent pit and paddock facilities.

Domenicali also teases a 2023 expansion to 24 races.

During a conference call with analysts last week following the release of Formula One’s second quarter results, Liberty Media CEO Greg Mafei stated that Vegas’ pit complex will be used for other activities all year and will host “ongoing activations and events.”
“The main paddock building, which will be 900 feet long, the length of three football fields, will be exciting,” Maffei said. “We’re actively working with potential commercial partners to expand our opportunities there.”
“We are expanding the F1 team in Vegas in areas such as sales, marketing, race operations, and more. We are also leveraging local expertise and talent, such as the LVCVA and our Live Nation partners.”
Unlike most F1 races, F1 and Liberty Media will promote the race in Las Vegas on their own, in collaboration with local stakeholders and venue operator Live Nation.
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Lando Norris is one of Formula One’s most promising young drivers… But it’s the high-end timepieces he wears when he’s not working that have us excited recently. Since his F1 debut in 2019, the 22-year-old British driver, who races for McLaren alongside Daniel Ricciardo, has established himself as one of the brightest stars in international motorsports. Halfway through the F1 season, which has been paused for a summer break, Norris is seventh in the standings – an impressive feat given the lackluster performance of McLaren’s car this year.
McLaren is currently in a difficult situation, with the drama surrounding Oscar Piastri and Daniel Ricciardo consuming the beleaguered team. Lando, for his part, is staying out of it, announcing his vacation with a fake out-of-office autoreply on Instagram.
“Many thanks for your. I will be out of the office until [next week] for [holiday] and will not have access to. Please contact [@mclaren] if your request is urgent. Otherwise, I’ll get back to you as soon as I can when I return…” It’s fantastic.

He also appears to have purchased a nice watch to wear while on vacation. Audemars Piguet @landonorris Recent photos of Norris show him wearing a brand-new Audemars Piguet Royal Oak Selfwinding Chronograph “50th Anniversary” (ref. 26240ST.OO.1320ST.01), which costs AU$45,420.
This model, as the name suggests, commemorates the 50th anniversary of this popular luxury sports watch, and as such features a unique 50th anniversary automatic rotor design, which AP will discontinue next year. It also has a one-of-a-kind blue dial for its “Grande Tapisserie” collection called Bleu Nuit, Nuage 50.
RELATED: Audemars Piguet’s Most Iconic Watch Is Getting A ‘Jumbo’ Update
Norris hasn’t been seen wearing just one flashy watch lately. Following the Miami Grand Prix, Norris was spotted wearing a AU$15,100 Rolex GMT-Master II ‘Pepsi’ (ref. 126710BLRO-0001) – one of the most iconic watches of all time – while partying with fellow F1 young gun and reigning World Champion, Max Verstappen, at a Kygo gig.
Kygo’s fashion label, Palm Tree Crew, also provided the two drivers with diamond-studded palm tree necklaces. Oh, the lives of the wealthy and famous… Rolex / @kygo Lando is frequently seen on the job wearing a variety of Richard Mille watches, as Richard Mille is a major sponsor of McLaren.

Lando Norris Seen Dismantling His Car While Casually Wearing a $300,000 Watch
This isn’t an imposition – Richard Mille is one of the most sought-after and difficult-to-obtain watch brands on the planet – but it’s interesting to see what watches he buys with his own money.
In that vein, check out our video below, which shows some of the other high-end watches that F1 drivers wear when they’re ‘off-duty.’
Read NextFormula One Star Lando Norris’ Richard Mille’s UEFA Euro 2020 Final Watch Stolen
Lando Norris’ Mental Health Admittance Is A Call To Action For Millennials

Formula One, Mick Schumacher, Haas (Image courtesy of Peter J Fox/Getty Images) If Haas parted ways with Mick Schumacher, could he end up switching from Ferrari to Red Bull for the 2023 Formula One season? With Mick Schumacher losing the apparent leverage he would have had with Haas after Alpine’s Fernando Alonso announced his switch to Aston Martin as Sebastian Vettel’s replacement for the 2023 Formula One season, Haas has suspended contract talks with the 23-year-old German. Schumacher’s contract with the American team expires at the end of the 2022 season, and it has been suggested that they may look to replace him. He recently scored his first points at Silverstone and followed that up with a career-best sixth-place finish in Austria, but he has been beaten for much of the season by teammate Kevin Magnussen, who only returned to Haas for the first time since 2020 just days before the 2022 season began. According to other reports, Ferrari team principal Mattia Binotto no longer believes in Schumacher’s potential, and with Ferrari believed to have some say in who is considered for the second Haas seat, the current suspension in contract talks may lead to the departure of the son of Ferrari legend Michael Schumacher. In that case, there appears to be one ideal landing spot. Given the recent Binotto development, a Schumacher departure from Haas could lead to a Schumacher departure from Ferrari entirely. Could this lead to his acceptance into Red Bull’s development program? Such a move could keep Schumacher in Formula One with Red Bull sister team AlphaTauri, as the team has yet to confirm whether Yuki Tsunoda will return for a third season in 2023. There is also speculation that Pierre Gasly, despite being under contract with the team until next year, will not be returning in 2023. We’ve all heard how much “under contract” means these days. After this year’s ridiculous season, not just in Formula 1, it would be foolish not to compare it to the promises of a career politician seeking another term in office. After all, both McLaren and Daniel Ricciardo committed to remaining together in 2023, and yet here we are, with Alpine reserve driver Oscar Piastri denying Alpine’s press release that he will be driving for the team next year, and instead reportedly vying for Ricciardo’s seat. With a Red Bull seat out of the question for at least another few years after Sergio Perez recently extended his contract through 2024 (and, of course, reigning world champion Max Verstappen recently extended his contract through 2028), Gasly is reportedly still looking for a faster car, and the Alpine seat has been mentioned as a possibility. Regardless of whether Gasly is truly locked in for another year, AlphaTauri should unquestionably be considered one of, if not the, top landing spots for Schumacher in 2023. A two-year contract there would allow Red Bull to assess whether or not he is ready for a promotion to the top team. It’s also worth noting that Vettel has long served as a mentor to the young Schumacher, just as Michael has done for Vettel. Before Aston Martin signed Alonso, Vettel backed Schumacher to take over his seat. Is a move to Red Bull, where Vettel won four consecutive world championships to kick off the 2010s, now on the table? Red Bull currently does not have any F1-ready junior drivers in their development program, but Schumacher’s addition could change that. Despite his struggles to catch up, his track record of blossoming in year two (2018 Formula 3 European champion and 2020 Formula 2 champion after finishing 12th in the same series the previous season) suggests he could be well worth the investment of a two-year contract. Not to mention the ongoing speculation that Porsche may join Red Bull in Formula One in 2026. While the Austrian team’s long-term strategy will undoubtedly and justifiably revolve around Verstappen, could the addition of a German youngster pique the German manufacturer’s interest? It’d be difficult to say no to that.

Despite its fading title bid, Ferrari went into the summer break with defiant statements that its performance in the first half of the 2022 Formula One season means there is “no reason why we should change.”
The recent Hungarian Grand Prix was the latest race led by Ferrari’s championship leader, Charles Leclerc, which ended with him not even making the podium, let alone winning.

Leclerc has only one podium in the last eight races, his victory in the Austrian Grand Prix, as a combination of team and driver errors has caused his championship challenge to crumble.
In Hungary, he was hurt by the latest Ferrari strategy blunder: using the woefully ineffective hard tyres for his final stint.
As a result of the decision, Leclerc dropped from first to sixth place, and Ferrari had to pit him a third time to switch to soft tires.

In the two championships, Leclerc and Ferrari are now 80 and 97 points behind Max Verstappen and Red Bull, respectively. When asked if Ferrari needs to assess changes during the summer break, or if it has simply been unlucky, team boss Mattia Binotto said it is “not a matter of bad luck and there is nothing to change as well.”
“It’s always a matter of continuous learning and gaining experience and skills,” Binotto explained.
“Certainly, there is something we need to look into and figure out why.”
But, looking at the balance of the first half of the season, there’s no reason to change.
“I think we simply need to address what happened in Hungary, which we need to first understand, and then address and try to be as competitive as it has been in 12 races so far – and [there is] no reason why it cannot be the case at the next.”

When Leclerc said that using the hard tyres was the “turning point of the race,” Ferrari’s focus was on why those tyres did not perform as expected, rather than the strategic decision to use them.
It was consistent with Binotto’s other responses this season when Ferrari’s strategic decisions were questioned.
Ferrari has long been plagued by a culture of blame and fear, and Binotto has been dedicated to changing that.

To a large extent, it worked. Ferrari appears to be a more secure and cohesive operation under his leadership.
However, a no-blame culture, such as the one frequently mentioned during Mercedes’ dominance of F1 during the hybrid era, does not imply that a team denies the existence of problems. It simply avoids attributing them to a single person or blaming a department for a failed outcome.

There is room within that to say, ‘this needs to be improved.’ ‘This’ is strategy for Ferrari, but it is arguably overprotected. The emphasis on poor performance on various compounds in Hungary does not negate the fact that the strategy was also poor.
Binotto’s defiant stance that Ferrari does not need to “change” is presumably a reference to personnel. He is correct in that regard.
Mid-season, advocating for the firing of specific employees would accomplish nothing, and the priority should be on getting the most out of the current team, sharpening processes, improving tools, and empowering sharper, bolder decisions.
Within that, there must be room to educate people about mistakes and work to prevent them from happening again.

Ferrari does not have to publicly acknowledge this in order to take steps behind the scenes to address it. However, the recurrence of problems suggests that it either isn’t or isn’t proving to be a successful endeavor.
Only one week before Hungary, we were reflecting on another Binotto “no reason for X,” this time using the car’s inherent performance as evidence.
After France – where Leclerc crashed out of the race – he said there was no reason Ferrari could not win all the remaining races to save its championship bid. Obviously, it was a glass half-full attitude. But Hungary was a painful, immediate example of how misguided it was.
Ferrari is not as consistently sharp as it needs to be as a race team. If there’s truly no reason to change, then there is no reason to think Ferrari’s mistakes will stop.

Formula One, Lewis Hamilton, Mercedes, Charles Leclerc (Image courtesy of Jose Hernandez/Anadolu Agency via Getty Images.) ) Ferrari’s battle for second place in the Formula One world constructor championship has never been clearer than it is now. Last Sunday’s Hungarian Grand Prix at the Hungaroring was the second consecutive Formula 1 race in which Red Bull’s Max Verstappen won and Mercedes claimed a double podium with Lewis Hamilton and George Russell. Ferrari’s 2022 season has been marked by errors, and errors have resulted in these results in both races. Charles Leclerc crashed from the lead in the French Grand Prix, giving him three retirements while leading races this season. Then, in the Hungarian Grand Prix, a huge strategy blunder dropped Leclerc from a potential race-winning position to sixth. It’s no secret that Ferrari, along with Red Bull, still has a top two car. With twice as many pole positions and quite a few potential race wins squandered due to driver error, strategy error, or lack of reliability, it’s probably not a stretch to say that the Scuderia has the fastest package on the grid. However, a resurgent Mercedes continues to exploit the Italian team’s flaws, and they are catching up to them. In the constructor standings, Ferrari now trails Red Bull by 97 points, while Mercedes is only 30 points behind in second place. For much of the season, Mercedes has been nowhere near the top two teams. Even now, it would be a stretch to say they’ve “caught up.” But they’ve spent the entire year picking up the pieces. Aside from Russell’s DNF at Silverstone and Hamilton’s poor performances in Jeddah and Imola, the Silver Arrows haven’t had a truly bad race all year. Their car is the most reliable on the grid, and it finishes where it should finish every race — assuming, of course, that one or both Ferraris and/or one or both Red Bulls are unable to compete due to unforeseen circumstances. But here’s where things go from bad to worse for Ferrari. As if the Tifosi needed another reason to despair after two consecutive losses to end the season’s pre-summer break stretch, here it is: In each of the last 11 races — the most recent race, the last two races, the last three races, the last four races, the last five races, the last six races, the last seven races, the last eight races, the last nine races, the last ten races, and the last 11 races — Mercedes is second only to Red Bull. What’s the bottom line? They are, in fact, catching up. What’s good for Ferrari? They can absolutely make a difference simply by not making unforced errors week after week. The disadvantage? They have yet to demonstrate that they can do it more than one race at a time — and even then, they almost always find new ways to blow it.

The F1’s silly season has arrived, with Sebastian Vettel’s retirement last week sparking mid-season musical chairs as Fernando Alonso signed with Aston Martin. According to recent reports, McLaren will sign rising Australian star Oscar Piastri, leaving fellow countryman Daniel Ricciardo without a seat for next season. Alpine is now looking for a driver to replace Alonso, and Ricciardo appears to be the most logical option, having previously worked together when the team was known as Renault. Lamonato: Piastri is likely to race in F1 | 06:01 But there could be a twist that gives Alphine another option if they decide to go in a different direction. According to a June report from RacingNews365, AlphaTauri’s Pierre Gasly has a clause in his contract that allows him to join a rival team in 2023 — with one condition. That is, the team is higher in the standings than AlphaTauri, and Alpine, which is currently fourth in the constructors’ championship, would fit the bill. That report has been circulated once more in light of Alonso’s shocking departure. Gasly’s path back to Red Bull appears to be blocked after Sergio Perez re-signed until at least the end of 2024, and the Frenchman had previously been linked to McLaren. However, with Piastri seemingly on his way to McLaren, there may be an opportunity at Alpine if both parties are interested. MORE F1 NEWS2023 GRID: How a surprising twist could save Daniel Ricciardo’s career after the Piastri shock ‘DIRTY WORK’: The F1 world is stunned as the sacking of ‘brutal’ Ricciardo approaches. Pierre Gasly, AlphaTauri’s French driver, could be the key. (AFP photo by Jure Makovec) AFP is the source. Gasly stated in June that he was in “ongoing discussions” with Red Bull’s motorsport advisor Helmut Marko about his future. “At the moment, it’s not a question of looking outside [Red Bull] or anywhere,” Gasly told the media, according to RacingNews365.com. “I believe my contract situation with Red Bull is fairly clear.” It’s just a constant dialogue with Helmut and management to figure out what’s best for all of us. But, as I previously stated, signing Sergio was entirely logical. “He’s been competitive since the beginning of the year, so no surprise there.” Obviously, it has an impact on what will happen with my career in the coming years, and we just need to have a normal conversation about what’s best going forward.”

Toto Wolff believes that the budget cap will level the playing field and allow five teams to compete for F1 race wins by 2024.
Although it was hoped that the new regulations implemented for this season would make the sport more competitive, Red Bull and Ferrari have won all 13 races.
So far, the only cars that have looked like winning in 2022 have been from Wolff’s own Mercedes team, with their best chance coming with Lewis Hamilton at the British Grand Prix before he finished third.
But, in addition to the new technical regulations, the cost cap introduced last year is another factor in attempting to level things out across the grid after Mercedes won eight consecutive Constructors’ titles through 2021.
This imposes a spending limit on each team, which has been reduced for both 2022 and 2023, though it has been slightly offset to account for global inflation rates.
It means that the larger teams, such as Mercedes, Ferrari, and Red Bull, cannot simply throw more money at their projects than the smaller outfits – and Wolff believes the effect will be felt in 2024.
The Mercedes team principal was responding to Fernando Alonso’s claim that the 2022 regulations failed because “only two [teams] can win.”

“It’s too soon to pass judgment,” Wolff told Gazzetta dello Sport. “I believe the spending cap will bring the group together.”
“Within two years, we will have five teams capable of winning races, and within three years, we will have the same number of teams competing for the World Championship.”
Wolff also commented on the rumor that a partnership between Red Bull and Porsche will be announced soon.
Porsche will enter Formula One as an engine supplier in 2026, with their presence likely to be confirmed when the power-unit regulations for that year are finalized in the near future.
“Red Bull is already an engine manufacturer; it uses Honda technology, and it is unclear how Porsche will inherit this situation,” said Mercedes’ head of motorsport and co-owner of the F1 team.
“However, its arrival is unquestionably welcome. I’m hoping that the regulations will be defined by September.”
Porsche, along with Audi, is one of two Volkswagen Group brands set to enter Formula One in 2026. Unlike Porsche, Audi is said to be interested in joining as a constructor rather than just an engine supplier.