Haas F1 team principal Guenther Steiner hopes that Liberty Media will present its ideas for cost capping by the midpoint of the 2018 season. Liberty has already spoken about introducing cost capping in an attempt to make the field more competitive.

Haas entered Formula 1 in 2016 and had a reasonably successful debut year, with a best finish of fifth place coming in Bahrain. Steiner wants plans for a cost cap to be made sooner rather than later so the American team can concentrate on expanding.

“We’ve already started this process at about mid-season when we discussed we were still up and down and needed to settle,” Steiner said.

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