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Ferrari F1 doesn’t have any desire to keep its factories shut anymore. Despite Ferrari F1 opposing the move choice was made and the teams need to keep their operations shut.  The team opposed the move as they previously closed sooner than the other teams, because of the circumstance at home.

On Monday, Formula 1 groups held a meeting, headed by FIA boss Jean Todt. The agenda of the meeting was to discuss how to reduce the financial impact of the coronavirus pandemic. Formula 1 had to cancel 9 races already and the financial burden is piling up. All the smaller teams are under a threat greater than ever.

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Ferrari F1 disapproves the increase in lockdown

After due consideration to the current situation, It was decided to keep the factories shut for a few more weeks.

One of the agenda of the F1 team meeting held on Monday was whether to extend the shut down of factories. Right now all teams are in a mandatory lockdown, with all production lines shut. On Monday it was announced that this period has been extended by fourteen days. Nonetheless, RACER reports that not every person was happy with the increased lockdown.

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What else was discussed in the meeting

On Monday, teams were discussing a few major concerns regarding the coronavirus pandemic. Above all, Red Bull boss Christian Horner hints that there may be a plan to try and defer the new regulations ever further. The 2021 regulation change which is now due in 2022 might move to 2023. In any case, this has not been affirmed by the remainder of the teams, so currently, the new guidelines are on schedule for 2022.

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A subsequent point of discussion was the budget cap. It was recently announced that the spending limit presented for 2021 would stay as it is. However, the first measure of $175 million will most likely decrease. While the smaller teams are targeting a $100 million limit and the larger teams a $150 million limit. We can expect that the teams and FIA will find the center ground in the coming months.

With the Grand Prix of Canada, originally the ninth race of the Formula 1 calendar canceled. It is not yet clear when and how F1 will at last start the 2020 season.

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