This archive report was first published on 1 November 2019.
Formula One's dramatic overhaul of its technical, sporting, and financial rules has been met with a mix of excitement and skepticism from drivers.
Unveiled at the Circuit of the Americas, the new car will be on the track in 2021 and features a budget cap of $175 million for each team, about half what some of the top outfits spend at present.
However, driver salaries, marketing costs, non-Formula One activities, and the wages of a team's three highest paid executives will not be included in the cap.
Four-time world champion Sebastian Vettel, of Ferrari, suggested that it will take more than "fancy pictures online" to win him over, while Red Bull's Max Verstappen cautioned that it is still early days and that the new cars will be slower than the 2019 ones.
"For us it is still early days," Verstappen said. "At the end of the day it doesn't really matter what the car looks like as long as it gives us better racing."
McLaren's Lando Norris expressed a similar sentiment, saying that the new regulations don't mean they will be winning races or on the podium all the time, but it is a much better chance for them to achieve those things.
Formula One's managing director for motorsport Ross Brawn acknowledged that the new cars will be slower than the 2019 ones, but still quick and closer to the levels of performance seen in 2016 as well as easier to follow and overtake.
