FIA president Jean Todt remains hopeful the reduced $145million Formula 1 cost cap will prevent teams from dropping off the grid once the post-pandemic economic landscape becomes clear.
Todt described the current situation as one of "opportunity", as changes are being made to F1 that would likely have never been agreed upon in the past.
"What we are going to present for the future is going in the right direction," Todt told Sky Sports F1. "Clearly, we are going through an unprecedented economic situation and that is why there is an opportunity to take a direction we would not have taken.
"I really hope that everybody will be able to stay on board and in that sense, the purpose of the new global regulations is to give as much chance for all the competitors to remain in the sport in the future."
While maintaining hope that teams and manufacturers will elect to continue in F1, Todt acknowledged there will be a lot of harm done to the automotive industry.
F1 is the top in world racing cars , when was V10 they pit top expenses and change to V8 because of regulate cost, in protetion of small teams, and the cost where up in the hybrid era, protect wicked and small teams is not good for the sport, the F1 must go for exelence and the hightest limits. If wants to do better job push higer standarts, and foget the business.
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