Connect with us

2017 F1

FIA allowed new engine, Ferrari vetoed proposed cost reduction measures

Published

on


FIA allow new engine, Ferrari vetoed proposed cost reduction measures

FIA allow new engine, Ferrari vetoed proposed cost reduction measures

Ferrari vetoed F1 cost saving measures that comprised a proposal to set an extreme price for the engines and gearboxes producers supply to customer teams, the sport governing body FIA said on Monday.

FIA said it had studied cost reduction measures for teams participating in the Formula One World Championship which were not conclusive, including:

– a global cost ceiling,

– a reduction in costs via technical and sporting regulations,

– an increased standardisation for parts.

The FIA, in agreement with FOM, suggested the principle of setting a maximum price for engine and gear box for client teams at the last Strategy Group meeting.

These measures were put to the vote and adopted with a large majority.

However, Ferrari SpA decided to go against this and exercise the right of veto long recognised under agreements governing F1.

In the interest of the Championship, the FIA has decided not to legally challenge Ferrari SpA’s use of its right of veto.

Therefore the FIA will initiate a consultation with all stakeholders regarding the possible introduction of a client engine, which will be available as of 2017. Following this consultation a call for tenders for this client engine, the cost of which would be much lower than the current power unit, could be undertaken.

Supported by FOM, the FIA will continue in its efforts to ensure the sustained long-term development of the Championship and look for solutions enabling it to achieve this. It asks all of the teams to make a positive contribution to the success of this approach through proposals and initiatives in the interest of the Championship and its continuation over the long term.

Bernie Ecclestone said on Saturday – The plan for new F1 engine

F1 supremo Bernie Ecclestone said on Saturday that the plan was to offer a less complex engine as an alternative to the costly V6 turbo hybrid power units made by Mercedes, Ferrari, Renault and Honda.

He is referring to the fact that Red Bull and Toro Rosso will be lost to the sport because Mercedes, Ferrari and now Honda have all lined up to refuse to supply them under the existing, 1.6 litre ‘power unit’ regime.

The latest, touted Honda solution has apparently been vetoed by Ron Dennis, chief of the Japanese carmaker’s works team McLaren.

“They somehow made a commitment to Ron that he had a veto and he doesn’t want Red Bull,” Ecclestone revealed. “Ron has said ‘Definitely not’.”

But Ecclestone said his new plan, involving cheaper, louder and faster 2.2 litre V6s, perhaps based on the Indycar formula and supplied by Cosworth or Ilmor, will also save cash-strapped teams.

It will reportedly cost small teams just EUR 6 million to buy, but be fully competitive with dominant ‘power unit’ manufacturer Mercedes.

Ecclestone denies he is creating a two-tier system.

“We used to have turbos and normally aspirated (engines),” he insisted. “It was not two-tier, it was called ‘choice’.”

Germany’s Sport Bild said Ecclestone, who thinks the engine rules in their current form have caused “the biggest problems F1 has ever had”, will meet with Cosworth chief Kevin Kalkhoven in the coming hours.

Comments

Latest Results




Latest F1 News

2018 F12 days ago

Pascal Wehrlein on pole for 2019 Toro Rosso race seat

Pascal Wehrlein has emerged as a top candidate to return to F1 next year. Just days ago, Mercedes admitted that...

2018 F12 days ago

I’ll be with Force India until the end of 2018 – Ocon

Esteban Ocon says he should keep his Force India cockpit for the rest of the 2018 season. Earlier, there was...

2018 F12 days ago

FIA clears legality of Ferrari’s camera-blocking ‘fan’

F1’s governing body has cleared Ferrari to keep using a controversial airbox fan. In the Singapore pits, the Italian team...

2018 F13 days ago

Ricciardo is worth top dollar – Alain Prost

Paying the big bucks for Daniel Ricciardo is an expense that Renault can fully justify. That is the view of...

2018 F13 days ago

Vettel feeling pressure of 2018 F1 title battle – Red Bull

Sebastian Vettel often struggles with pressure. That is the view of Adrian Newey, Red Bull’s famous technical boss who penned...

2018 F13 days ago

Red Bull excluding Ricciardo from meetings

Daniel Ricciardo is set to be given the cold shoulder by Red Bull. The Australian is moving from the energy...

2018 F13 days ago

Recovering Lauda ‘a lot better’ now – brother

Niki Lauda’s brother says the F1 legend is “a lot better” as he recovers from a lung transplant. The F1...

2018 F13 days ago

Verstappen reveals ‘close to retire’ because of false neutrals

  Following the impressive second place finish at Singapore Grand Prix, Max Verstappen reveals that he came close to having...

2018 F14 days ago

Hamilton extends title lead after Singapore win

Lewis Hamilton claimed a lights to flag victory, at the 2018 Singapore Grand Prix held at the Marina Bay Circuit....

2018 F14 days ago

Lewis Hamilton cruises to Singapore GP win

Lewis Hamilton grabs his 69th career win and record-equalling fourth here in Singapore Grand Prix. Max Verstappen made second place...




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