Ferrari expecting "criticism" in 2020 due to their spending plans
F1 News
Ferrari CEO is expecting a lot of criticism in 2020 as Ferrari plan to inject vast amounts of money into their Formula 1 project before the budget cap comes into place in 2021.
“This year will prove to be quite critical in terms of Formula 1,” said Ferrari’s CEO Louis Camilleri to MotorsportWeek.
“Our ambition remains as always, to seek to win. And that’s we will continue to invest in our infrastructure, resources and technological creativity as we continue to develop our 2020 car as the season unfolds.
“Furthermore, as you are aware, the new technical regulations that will come into force in 2021 will entail the development of our very substantially different car, which will obviously require additional resources and expenditures already this year.”
Ferrari has finished runner-up to Mercedes in the constructors’ championship for the past three years and has not won the championship since 2008. They will hope that their spending plans for 2020 will be enough to topple Mercedes from their pedestal.