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Formula 1 is expensive. Very expensive. Fans often save up for years on end to attend one race. And while this is the case, teams wanting to join the fray must have deep pockets if they're going to jet around the world and still pay a staff complement of more than 500 people - including drivers.
Ferrari has agreed to keep racing in Formula 1 under the all-new engine rules of 2026.
McLaren team principal Andrea Stella believes his former colleagues at Ferrari are "very happy" with how their 2023 Formula 1 car is progressing.
Ferrari driver Charles Leclerc anticipates Mercedes will step back up to the plate in 2023, though he is not seeing another team who could tag along with them.
Mick Schumacher was dropped by Ferrari as a reserve driver on Thursday and immediately signed with their rivals Mercedes in the same role.
Mick Schumacher and Ferrari have parted ways after four years working together.
Ferrari driver Charles Leclerc says he gained no satisfaction from finishing second, between the two Red Bulls, in the Driver's Championship this season.
Frenchman Frederic Vasseur was named team principal and general manager of Ferrari on Tuesday, tasked with ending Red Bull's dominance in Formula One.