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Ferrari considering IndyCar entry after F1 budget cap plans

Ferrari is considering entering IndyCar in 2022 as it reacts to Formula One's plans to introduce a $145 million budget cap.

In an interview with Sky Italia, team principal Mattia Binotto confirmed IndyCar and the top level of the World Endurance Championship were under consideration as parallel racing programmes alongside F1. He explained that such a move was under consideration in order to create jobs for staff members that are likely to be made redundant by the spending cuts needed to meet F1's new budget cap in 2021.

"Ferrari feels a lot of social responsibility towards its employees and we want to make sure there will be a workspace for each of them in the future," Binotto said.