F1's future cars unveiled as new regulations are announced

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The pre-race press conference will be switched from Thursday to Friday, ahead of the first and second practice sessions, while cars will now be in parc ferme conditions from the start of FP3, which also marks the point at which the teams must return their cars to the "reference specification" presented for scrutineering before FP1, so any bodywork trialled in practice must be removed.

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", said Formula One chairman Chase Carey. Now, we know what these cars can do.

After more than two years of work, officials from the FIA and Formula One have revealed the new regulations for the 2021 Formula One World Championship. However, it excludes marketing costs, the salaries of drivers, and of the top three personnel at any team.

He warned that any team caught breaking the cost controls would be in serious trouble.

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"Budgets have been escalating", Brawn said. "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".

Further cost cutting measures include restrictions on the number of wind tunnel tests teams can do each week, with CFD simulations being preferred instead.

Ferrari will once again pose the biggest threat to Mercedes' chances of victory as they look to bounce back from shooting themselves in the foot in Mexico.

F1 hopes that by closing the spending gaps, it will close the racing gap as well.

Mercedes team principal Toto Wolff recently said that reports suggesting Hamilton might want to end his career in the red auto had been overblown.

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"We are expecting cars to be approximately 3-3.5 seconds slower per lap", he said. "But I think it will materialise a little bit more in the coming weeks".

Expanding the season could strain those budgets. The high-profile tyres now used in F1 tend to move around and deflect a great deal, which has an impact on aerodynamics. Vietnam has been added as a race in 2020 and F1 is now making plans to add a Miami Grand Prix in 2021.

It will be some 25kg heavier, with simpler front wings, no bargeboards and bigger wheels. At this stage, it seems the ever-controversial Drag Reduction System will remain, but Brawn has repeatedly stated his intentions to fix F1's aero challenges to the extent that it can one day be dropped for a purer spectacle. But what we have actually done is made it worse because the cars can't race each other.

Hamilton will be sure to claim his third straight Formula One world title on Sunday unless Mercedes team-mate Valtteri Bottas wins the race.

And he strongly suggested it will be with Mercedes, where's he won four of his five championships and is under contract through 2020. This team has shown they are better prepared and in best position to react to changes.

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"So, I didn't see the yellow flag, I improved my laptime, in hindsight I didn't need to do it, but also in hindsight I think next time I am anyway going to lift even if they would improve [on] my laptime just because they got lucky they were in front of the accident".

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