Ferrari stopped 2022 development as it 'couldn't afford' upgrades
Ferrari was forced into halting development on its 2022 Formula 1 car as it "couldn't afford" new upgrades, according to boss Mattia Binotto.
The team started the season with the quickest package, but have fallen back from runaway leaders Red Bull after winning two of the opening three races.
Since the Austrian Grand Prix in July, Ferrari have not won a race as a potential title challenge has morphed into a fight for second with Mercedes in the Constructors' Championship.
However, while the eight-time champions have been developing their car to try and mask the problems with it, Binotto has revealed that the development tap was switched off as the budget cap struck. Viewed by others: Ferrari Reports: Time running out for Binotto ...