Taking a holistic approach to the future success of the so-called pinnacle of motor sport, the new suite of Technical, Sporting and Financial regulations are targeted at promoting close racer and more balanced competition, as well as bringing economic and sporting sustainability to Formula 1. "The goal has always been to improve the competition and action on the track and at the same time make the sport a healthier and attractive business for all". Now, we know what these cars can do.
Even a Bottas victory might not be enough to halt Hamilton, though, with any finish of eighth or higher enough to guarantee a sixth championship crown for the Briton. He has only failed to win at the Austin circuit twice since its introduction to Formula One, when Sebastian Vettel took the honours for Red Bull in 2013 and when Ferrari's Kimi Raikkonen stood atop the podium past year.
The campaign will see a new vehicle concept, new technical rules, new sporting rules and new economic regulations implemented to the sport. The cap does exclude money spent on engines, as well as salaries and marketing expenses, so the big teams might still be able to lure in the best drivers and motors.
A new budget cap of £150m per team will also be introduced in order to improve competition.
"Some areas of the vehicle, not a huge number, are going to be prescribed, because there are some areas where there's such sensitivity to control the wheel wakes that we feel that if we didn't actually restrict the shapes, we would end up with potentially teams finding ways to overcome the key objectives".
F1 sporting boss Ross Brawn said: "If you breach these, you will be losing your Championship. F1 is nearly a victim of its own success in that the rewards of success are so valuable that the justification for investment keeps coming".
In a further bid to reduce aero development costs, the number of wind tunnel runs teams can do each week has been slashed, with emphasis put on using CFD (Computational Fluid Dynamics) simulations over physical ones.
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The extension will see F1 races continue to air live and commercial-free on either ESPN, ESPN2 or ABC, while all practice sessions, qualifying and races will air live and in replay across ESPN platforms, including on-demand replays on the ESPN App. ESPN will continue its partnership with United Kingdom broadcaster Sky Sports to bring its presentation of F1 to American viewers.
"Whereas before we had the resource restriction, which was a gentlemen's agreement between teams - well there's not many gentlemen in the paddock I'm afraid, and that was a failure".
"We are expecting cars to be approximately 3-3.5 seconds slower per lap", he said.
Expanding the season could strain those budgets.
All corporate income tax and other non-F1 activities, property costs, employee bonuses, championship fees and superlicences are also exempt, as are flight and hotel costs for race weeks and testing.
Vietnam and the Netherlands will host Grand Prix races in 2020, while there is a possibility that the race calendar will be capped at 25 races in 2025.
"We'll add races only if we think it really adds to the sport", Carey said.
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In principal, the 2021 F1 cars will have a radical new design philosophy and striking new look with sweeping bodywork, simplified front wings, bigger rear wings, increased underbody aerodynamics, wheel wake control devices, simplified suspension and low-profile tyres with 18-inch rims.
Lap times for the proposed new cars are forecast to be more than three seconds greater on average than they are this season - and a step back into the past.
Formula One will keep the current hybrid engine system.
The US$175 million spending cap, which covers the calendar year, relates only to vehicle performance, and excludes other expenditures such as marketing costs, driver salaries, and pay for each team's three top personnel.
A concept version of the 2021 Formula One race auto.
He said: "I always love a challenge".
"The huge increase in down-force was "let's make the cars go faster, that must make F1 better". I'm planning to be here.
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