• Oct 24th 2008 at 8:33AM
  • 14
In the wake of the FIA's shocking proposal to move to standardized spec engines across the Formula One grid, the participating teams have met to come up with alternative cost-cutting measures to implement in the sport. After what was described as an unprecedentedly unanimous meeting of team principals under the newly formed Formula One Teams Association, Ferrari's Luca di Montezemolo and Toyota's John Howett met with our favorite whipping post, Max Mosley, on neutral ground in Geneva to discuss alternatives.

Although the only official word following the meeting Tuesday in Geneva is that the discussions were constructive, reports indicate that considerable agreements were reached towards bringing down the costs of participation in Formula One without having to resort to spec engines. Among those measures reported include the life of each engine being expanded from the current two-race requirement to three and a requirement for each manufacturer to offer 25 engines for purchase by independent teams at 10 million euros per unit. Nothing has been officially announced yet, but the representatives are expected to meet again after the season's conclusion at the upcoming Brazilian Grand Prix to further discuss the arrangements, which are tipped to be stop-gap measures for the coming two seasons while the FIA comes up with more reasonable proposals for the long term.

[Source: Autosport]

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    • 1 Second Ago
      • 6 Years Ago
      Can I buy one if I had the money? Would be a very very very expensive but also very cool ornament :)
        • 6 Years Ago
        Ornament!! I'd jump through hoops to get one in a street car, preferably a ferrari engine in say. . . a reworked F430.
        • 6 Years Ago
        Actually, I would prefer to put that engine in something more... discreet :)

        Heck, it should fit in an Ariel Atom, right?
      • 6 Years Ago
      10 million euros :O

      If spec engines were ever brought in to play, there would be no more F1. Even everyone using the same ECU is a bit silly - I guess it's the only way to really regulate no traction/launch control.

      I think it's kinda silly that they will also be forced to sell their technology - what's to stop McLaren/Ferrari from paying an independent team to buy one and give it to them? Technology sharing ftl.

      F1 is about who can build the fastest and best track car. You want to make it cheap? Well, for one, ditch KERS. It is going to lead to accidents. I thought the FIA was trying to slow the cars down anyways. I hate the idea of the system myself, after they complain about high costs.
        • 6 Years Ago
        LOL! I'm with John. Please never equate driving round in circles in one gear to real racing!
        • 6 Years Ago
        Plz to not ever relate F1 and NASCAR again thx.
        • 6 Years Ago
        I don't like NASCAR, but you are wrong it IS racing!
        • 6 Years Ago
        NASCAR requires you to sell engines to anyone who wants one. Yes, it does mean your competitors get to see your engine.
      • 6 Years Ago
      Cost cutting in F1 sounds like an oxymoron to me, but whatever, the spec engine idea was a bad one. For all you snobs, F1 and NASCAR both make a ton of money, F1 and NASCAR are both big time racing series, F1 and NASCAR both have major sponsorship deals, F1 and NASCAR both have some very annoying drivers at the top, F1 and NASCAR often make very foolish decisons and act like they don't care about us fans, F1 and NASCAR......hahaha I enjoyed that. I hate snobbery in the automotive world so I'll do my best to stomp it out!
        • 6 Years Ago
        NASCAR is the same as flushing a handful of Skittles down a toilet while drinking a beer.
      • 6 Years Ago
      10 million euros per unit?!

      I don't think the math is right on that. This is supposed to be a cost cutting measure, right?

      • 6 Years Ago
      10 million euros per season I believe.

      Engines must also last 3 races instead of 2.
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