Ferrari boss Mattia Binotto has revealed that the Maranello-based outfit are considering entering IndyCar.
Binotto recently said that the manufacturer could be forced to consider other options in tandem with Formula 1 if the new budget cap was enforced below $145m so as to avoid laying off staff.
However, the 50-year-old has now gone one step further and admitted that they are considering IndyCar specifically.
“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 Sports Italia.
“For this reason, we have started to evaluate alternative programs and I confirm that we are looking at IndyCar, which is currently a very different category from ours.
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“At Ferrari, we were structuring ourselves based on the budget approved last year ($175 million), and the further reduction represents an important challenge that will inevitably lead to review staff, structure and organisation.”
Earlier this week Liberty Media and the FIA delivered the proposed cost cap to the 10 teams, with plans in place to introduce the cap at $145m from the start of 2021 season.
However, it will then fall to £140m in 2022 and then $135m in 2023.
Former IndyCar and F1 world champion Mario Andretti has also recently pleaded with Ferrari to consider an IndyCar entry, claiming he would love to the Scuderia as both an engine and chassis constructor.