F1 news: FIA reveals 2021 car and new regulations for the future

Formula 1 season is coming to an end with just three races left in campaign. Lewis Hamilton is on verge of lifting his sixth Formula 1 World Championship after  race in Austin, Texas. 2021 season of Formula 1 racing will witness a lot of changes for teams and drivers. governing body Federation of motorsport Internationale de l'Automobile (FIA) revealed car for future and new regulations amid great fanfare on Thursday in Austin. 

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FIA: 2021 car and F1 regulations 

new change in motorsport is aimed at producing closer and cheaper competition.

1)  new technical, sporting and financial rules include a budget cap of $175 million for each team, about half what some of top outfits such as Mercedes, Ferrari or Red Bull spend at present but still much more than some ors can muster.

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2) Driver salaries, marketing costs, n-Formula One activities and ws of a team's three highest-paid executives will t be included in cap.

3)  revamp follows two years of discussions between teams, governing body and U.S.-based commercial rights holders Liberty Media and or stakeholders.

4) y were earlier approved unanimously by governing FIA's World Motor Sport Council, with talks continuing over governance and profit-sharing. 

5) Apart from restructuring of financial regulations, cars will attract most attention. It will be some 25kg heavier, with simpler front wings, bargeboards and bigger wheels.

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F1 news: Drivers' reaction to new changes 

Ferrari driver Sebastian Vettel said that on paper, ideas are always great but he thinks it will materialise a little bit more in coming weeks. He also said that he would have liked a different engine. matter how y look, if y are fun to drive and allow m to follow closer than that will be a success.

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Red Bull star Max Verstappen has said that at end of day it doesn't matter what car looks like as long as it gives m better racing. He also ded that drivers want to be within two seconds, three seconds of what y are doing w definitely if it is going to be four or five that is t what y want because that just feels too slow.