Louis Camilleri, the new CEO of Ferrari following the tragic death of Sergio Marchionne, has said that he believes a budget cap in Formula 1 would "eventually make sense".
Although this statement does not at first appear to be a shock, it does represent a major change in the Scuderia's position on the subject of a budget cap. Under their previous leader, Marchionne, Ferrari was greatly opposed to any kind of budget cap, and even went as far to say they would quit the sport if the proposals were pushed through.
However, Camilleri told investors that a spending cap could make sense if it was well thought out. He said: "I think there’s been progress on the technical specifications, but in terms of the budget cap and economics, there really hasn’t been any progress."
"Obviously the economics are also linked to the budget cap. I think that a budget cap eventually makes sense but the devil is in the detail and I think it’ll eventually be in everyone’s interests but we’re not there yet."
He went on to answer questions about how he thought their 2018 campaign went: "Clearly winning for us is a priority, it’s part of our heritage. We were very close and the Constructors’ is still open, mathematically anyway, two races left. Winning for Ferrari is very important. What do we need to win...a great car and two great drivers.
"This year was somewhat unfortunate, we came very, very close and hopefully next year we can get there to…not much to add other than it’s very important and we’re doing everything we can to win.
"What I would say is in 2018 just based on the numbers it was probably our best season since 2008, we’re making progress, we’re not quite where we want to be and we’ll see where we are next year."
Bahrain International Circuit - Winter testing