2016 F1

F1 Strategy Group agrees engine cost cutting and windtunnels ban

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.

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