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P1racenews AI automatic summary:
F1 team principal makes brutally honest cost cap admission
Guenther Steiner, the team principal of Haas F1, acknowledges that the team owes its existence to the cost cap. Without it, he candidly admits, the team would not have survived. Steiner credits the cost cap for enabling Haas F1 to remain competitive and financially sustainable in the highly expensive world of Formula 1 racing. The introduction of the cost cap has helped level the playing field and allowed teams to operate within their means, preventing a situation where only the wealthiest teams could thrive. Steiner’s remarks underscore the significance and positive impact of the cost cap on Haas F1 and other teams in the sport.
