Connect with us

2016 F1

Manufacturers agree to supply cheaper F1 engines

Published

on

Mercedes, Ferrari, Renault and Honda agree to supply cheaper F1 engines

Mercedes, Ferrari, Renault and Honda agree to supply cheaper F1 engines

F1’s manufacturers look set to agree to reduce the price of their engines, even if they want to press ahead with the current ‘power unit’ formula beyond 2017.

After the carmakers rejected Bernie Ecclestone and Jean Todt’s idea of parallel regulations for an independent engine supplier, they were given until January 15 to come up with an alternative proposal.

But according to Germany’s Auto Motor und Sport on Tuesday, Mercedes, Ferrari, Renault and Honda have decided to press ahead with the controversial era of 1.6 litre turbo V6 ‘hybrid’ power units.

“They prefer to supply the current power units at a subsidised price,” said correspondent Michael Schmidt.

F1 supremo Ecclestone, however, had outlined his desire not only for cheaper engines for the independent teams, but simpler technology that is more powerful and louder.

Schmidt continued: “The four manufacturers believe it is better and cheaper to deliver the current engines to customers at a price of EUR 12 million rather than build something completely new.”

Currently, the price of a customer supply of ‘power units’ in F1 is about double that amount.

Reportedly, the manufacturers plan to reduce costs by agreeing a list of common parts, possibly including the battery, the energy recovery systems or the turbo.

But Schmidt predicted: “Ecclestone will not be satisfied. He wants an engine that in theory also an independent supplier like Cosworth or Ilmor can make.”

Comments

Latest Results




Latest F1 News

2018 F111 hours ago

Hamilton is stronger than Vettel – Briatore

205SharesFlavio Briatore thinks Mercedes is still the favourite for the 2018 world championship. Ferrari’s Sebastian Vettel has taken an 8...

2018 F113 hours 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 F115 hours 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 F12 days ago

Raikkonen could return to Sauber F1 for 2019

367SharesThe signs are growing ever stronger that Ferrari will have a new driver in 2019. Kimi Raikkonen admits that it...

2018 F12 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 F12 days ago

Hamilton and Vettel Battling For The F1 Title

257SharesThe British Grand Prix at Silverstone is one that Lewis Hamilton and Mercedes have dominated for years and that trend...

2018 F15 days ago

Can Red Bull Challenge Mercedes And Ferrari?

24SharesSo, things didn’t exactly go to plan for Lewis Hamilton and Mercedes at Silverstone as the Brit made a disastrous...

2018 F16 days ago

Liberty working on securing future of British GP – Brawn

10SharesRoss Brawn says Liberty Media is working on securing the future of the British grand prix. Silverstone owner the BRDC...

2018 F16 days ago

Grosjean form ‘unacceptable’ – Haas F1

1ShareGunther Steiner says a “critical moment” could come amid his patience with struggling Haas driver Romain Grosjean. Frenchman Grosjean has...

2018 F16 days ago

No ‘negotiations’ with Raikkonen yet – McLaren

37Shares Zak Brown says McLaren has not yet opened contract talks with former team driver Kimi Raikkonen. It is rumoured in...




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