Ferrari rules out IndyCar project 'anytime soon' after initial talks

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Ferrari has ruled out joining IndyCar "anytime soon" after initial talks last year.

With Formula 1 introducing a $145m budget cap from 2021, those spending more have been looking at alternative options to avoid making major layoffs.

In Ferrari's case, projects in IndyCar, which is introducing a new V6 twin-turbo hybrid engine in 2023, and/or WEC which is launching the new Hypercar regulations this year, were touted.

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But despite meeting with IndyCar owner Roger Penske, team boss Mattia Binotto has confirmed the American series is off the table for now.

"After our discussions, we came to the conclusion that we will not be entering IndyCar anytime soon," he was quoted by SpeedWeek.

"That might be possible in the medium and long term, but today we want to concentrate our investments on our Formula 1 involvement."

This also comes after Ferrari shifted some staff to Haas as they work on the new F1 regulations for 2022.

But, while the decision of the iconic Italian brand is likely disappointing, IndyCar is still confident of adding another supplier to the grid alongside Honda and Chevrolet.

"IndyCar remains excited about the 2023 implementation of a 2.4 litre, twin-turbo V6 engine with hybrid technology," they said responding to Binotto's comments.

"The response from manufacturers has been very positive as we continue to discuss the addition of another OEM. The series has cast a wide net with that goal.

"Those conversations are ongoing as we remain optimistic about bringing another manufacturer - or manufacturers - into our sport."