Toto Wolff is adamant that Mercedes will have no concerns about reaching any cost cap limits in 2023, despite their aims of drastically redesigning their Formula 1 car concept.
Mercedes had hopes of closing the performance gap to Red Bull in 2023, but the Brackley team endured a poor start to the season with a fifth and seventh-place finish.
Following an eye-opening qualifying session for the Bahrain GP, Wolff conceded that the team chosen the wrong design direction for the W14, and promised a complete redesign in order to return to competitiveness.
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Speaking after the season opener, Wolff was asked if such a drastic move would even be possible with the current cost cap rules limiting team's development opportunities.
"It's extremely difficult to catch such an advantage [to Red Bull], but it's what we need to do. We have no choice," Wolff told media, including RacingNews365.com.
"I'm not sure the budget cap really gives you constraints in the position where we are because we just need to decide which direction we're going and put all the resources behind it.
"I don't think we're constrained by the budget cap.
"We're not going to develop two cars side-by-side, but we're going to develop one car and we will decide that in the next days and weeks which car that will be."