Connect with us

2016 F1

F1 Strategy Group agrees engine cost cutting and windtunnels ban

Published

on


F1 Strategy Group agrees engine cost cutting and windtunnels ban

F1 Strategy Group agrees engine cost cutting and windtunnels ban


Formula 1 Strategy Group agrees cheaper 2016 F1 engine cost cutting and banned windtunnel testing while Pirelli have been granted four days of testing.

According to Autosport, the teams agreed to reduce the costs of the 1.6-litre V6 units.

Formula 1’s Strategy Group – Ferrari, Mercedes, McLaren, Red Bull, Williams and Force India met earlier this week to discuss various proposals of which cost cutting topped the agenda. Each team holding one vote. F1’s governing body the FIA and commercial rights holder FOM hold six votes apiece.

Currently F1 teams are pay out around £15-20million per season for the 1.6-litre turbocharged V6s, which were introduced in 2014, compared to £7m during the V8 era.

In the push to reduce costs, it has now been agreed by a majority vote that current-spec engines will cost €12m (£9m), while a one-year-old spec will cost €8m (£6m).

Added to that gearboxes will be capped at £1.5m while windtunnels will be banned.

Formula 1’s tyre supplier Pirelli has been granted two days of testing prior to this season’s Abu Dhabi Grand Prix.

Pirelli will also spend two days in January, tyre testing their wet compounds at the Paul Ricard circuit in southern France.

Comments

Latest Results




Latest F1 News

2018 F119 hours ago

F1 should be a dictatorship – Berger

11SharesFormula one needs to return to its days as a dictatorship. That is the view of Gerhard Berger, the F1...

2018 F119 hours ago

We have great confidence in Honda – Red Bull

1ShareChristian Horner remains confident Honda is the right move for Red Bull. The Red Bull boss said that at Silverstone...

2018 F119 hours ago

F1 steward Mika Salo admits Ferrari penalties controversy

9SharesF1 steward Mika Salo has acknowledged the controversy over penalties given to Ferrari drivers in recent races. After Sebastian got...

2018 F119 hours ago

McLaren, Williams, admit need for change

52SharesAn anonymous engineer says struggling once-great F1 teams Williams and McLaren need to make sweeping changes. Both British teams have...

2018 F12 days ago

Hamilton is stronger than Vettel – Briatore

254SharesFlavio Briatore thinks Mercedes is still the favourite for the 2018 world championship. Ferrari’s Sebastian Vettel has taken an 8...

2018 F12 days ago

Sirotkin reveals his biggest problem with Williams’ 2018 car

2SharesSergey Sirotkin has given more details about his biggest problem with Williams’ 2018 car. While the car is obviously uncompetitive,...

2018 F12 days ago

F1 eyes 20-year deal for Miami Grand Prix

1ShareYet another meeting could finally mean the green light for a grand prix in Miami. We have reported that Liberty...

2018 F13 days ago

Raikkonen could return to Sauber F1 for 2019

377SharesThe signs are growing ever stronger that Ferrari will have a new driver in 2019. Kimi Raikkonen admits that it...

2018 F13 days ago

Red Bull encourages Honda power to prepare for 2019 F1

1ShareRed Bull is encouraging Toro Rosso and Honda to help the senior energy drink-owned team prepare for 2019. Honda already...

2018 F13 days ago

Hamilton and Vettel Battling For The F1 Title

263SharesThe British Grand Prix at Silverstone is one that Lewis Hamilton and Mercedes have dominated for years and that trend...




Most Popular

ThisisF1.com is not affiliated with Formula 1, Formula One Management, Formula One Administration, Formula One Licensing BV, Formula One World Championship Ltd or any other organization or entity associated with the official Formula One governing organizations or their shareholders. Copyrighted material used under Fair Use/Fair Comment.

References
We could use the following leading F1 news sources for stories: SkyF1, BBC F1, Autosport, ESPN F1, FIA Media Center, MotorSport, JamesAllen and others leading authors blog.

All Rights Reserved © 2017 Prime Sport Media