Haas F1 team principal Guenther Steiner hopes that Liberty Media will present its ideas for cost capping by the midpoint of the 2018 season. Liberty has already spoken about introducing cost capping in an attempt to make the field more competitive.
Haas entered Formula 1 in 2016 and had a reasonably successful debut year, with a best finish of fifth place coming in Bahrain. Steiner wants plans for a cost cap to be made sooner rather than later so the American team can concentrate on expanding.
"We’ve already started this process at about mid-season when we discussed we were still up and down and needed to settle," Steiner said. "At the moment we want to stop because we want to see what Liberty Media comes up with for the cost cap. Why would we grow a team for one or two years then to dismantle it again?
"That is never good, so you’d rather try to work with a smaller amount of people and when the cost cap is here if there are no negatives then we can grow and have growing pains rather than the pain of letting people go. We have to manage better the people we have at the moment. After next year we will know more about the new direction of the sport ahead of 2020-2021.
"With the cost cap coming in we don’t really know where to go and at the moment I don’t want to grow any bigger after our next step. Once we know where the sport is going then we can react but there is no point to react now and then counter-react a year later."
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