Car Manufacturing

Ferrari is exploring the possibility of competing on IndyCar
2019 Ferrari Formula One car, driven by Sebastian Vettel
2019 Ferrari Formula One car, driven by Sebastian Vettel Credit: Artes Max (Creative Commons Attribution ShareAlike 2.0)

Ferrari Formula One team principal Mattia Binotto said on Thursday that the Scuderia is exploring the possibility of entering the IndyCar series.
Formula One’s new budget cap of $145 million for teams from 2021 would lead to staff being made redundant and the Italian carmaker was looking at options to ensure its employees retain their jobs.
"Ferrari feels a lot of social responsibility towards its employees and we want to be sure that for each of them there will be a workspace in the future," Binotto told Sky in Italy.

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