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Ferrari has decided to build a brand new F1 simulator at Maranello.

Because it resembles the eight-legged arachnid, Ferrari's current EUR 5 million simulator - powered by ten interlinked computers - is nicknamed 'The Spider'.

But after a decade, the simulator is soon to be retired, according to Spain's Marca.

The apparent reason for that is the forthcoming $175 million annual budget caps, set to debut in 2021.

Ferrari reportedly wants to build a new multimillion dollar simulator before the expenditure will count towards its capped budget.

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