"There's still quite a lot of work to do together with Formula 1 and the FIA as well as the teams. We've voted in favour of it. And we haven't exercise our veto, right.
"Yes, we voted in favour of the regulations and we did not exercise our right to veto. All in all we are sort of satisfied with the direction it's taking and the principles, but clearly a lot of details still need to be ironed out.
"The budget cap relates to only certain elements of the actual car. The best example is that the engine is not part of the budget cap.
"Going forward our hope is that there will eventually be a budget cap placed on the engine itself."
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