Bernie Ecclestone (Center) makes conversation in the Hungaroring paddock. (Photo: LAT Photographic)

Ecclestone Believes F1 Budget Cap 'Workable': Bernie Ecclestone insists a budget cap for Formula One teams is "workable". That is despite the fact that when the idea was proposed by former FIA president a few years ago, the teams banded together and threatened to quit the sport. But F1 chief executive Ecclestone has now told the Sunday Express newspaper that working to an imposed maximum budget is "the direction people are going in. It is workable".

Prost, Jordan Think Sauber Move Possible For Schu: Alain Prost has admitted he can imagine former rival Michael Schumacher extending his career into a twentieth season in 2013. When asked about Schumacher's deliberations now that he has been ousted by Mercedes, Frenchman Prost answered: "I was not particularly positive when he returned (in 2010). I don't quite understand why. "Maybe he's going to Sauber now?" the quadruple world champion told RMC Sport, after testing a modern Red Bull F1 car at the Renault World Series event at Paul Ricard. "It's a very personal choice," continued Prost, who ended his career with a fourth drivers' championship in 1993. "I can understand that he is passionate and wants to continue driving, and it's very difficult to judge from the outside. Everyone should live their life as they wish. "I can understand his position. But at some point, you have to decide it's enough."

Rosberg Says Contract Ensures Equal Status With Hamilton: Nico Rosberg insists he is not worried about playing second fiddle to Lewis Hamilton. The pair, who have known each other and even raced as teammates since their boyhood karting days, will each be driving one of Mercedes' F1 cars in 2013. German Rosberg has managed to dominate Michael Schumacher since the seven time world champion's 2010 comeback, but the 27-year-old might be forgiven for feeling more nervous about the similarly-aged Hamilton's arrival. But when asked if he is worried he will be Hamilton's 'number 2', Rosberg insisted: "Absolutely not. "I know the situation. Although Lewis will be a challenge and I gladly accept it. "He is one of the best drivers of the moment, but I do believe that I can measure up," the 2012 Shanghai winner told German newspaper Bild am Sonntag. But at McLaren in 2007, Hamilton clashed spectacularly with his short-term teammate Fernando Alonso. Is Rosberg worried that might happen again, this time at Mercedes? "I think we're both smart enough to avoid that," he smiled. Finally, Rosberg said he does not 'feel sorry' for Michael Schumacher, who has been pushed out. "No," the German laughed. "He was not sure whether he wanted to continue or not, but Mercedes had to make a choice -- and anyway Michael has said himself that he is not unhappy."

Perez Now Managed By IndyCar's Adrian Fernandez: 2013 McLaren driver Sergio Perez is being managed by former IndyCar driver and fellow Mexican Adrian Fernandez. McLaren, who have signed current Sauber driver Perez to replace Lewis Hamilton, confirmed the 22-year-old's professional link to Fernandez, 47. Fernandez - an owner of racing teams as well - has also been backed through his career by Perez's sponsor Telmex, but Fernandez denied Perez is still a "pay driver". "He is not bringing money to the (McLaren) team," he insisted. Switzerland's Blick newspaper estimated Perez's new three-year contract to be worth EUR 10 million. "I have been a successful driver and a successful team owner and now, with this, I hope I can be a successful manager and do a fantastic job for Sergio," added Fernandez