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The radical rule changes in Formula 1 for 2007 and beyond aren't just affecting the racing - they're having a dramatic impact on the highly specialized industry that supports the most technically advanced racing series in the world. The announcement late last week that legendary British engine manufacturer Cosworth is planning to lay off 40 percent of its staff at the end of the season signalled the beginning of a dramatic restructuring on the engineering side of the sport.

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After lengthy and sometimes acrimonious negotiations, the FIA and the Grand Prix Manufacturer's Association have come to an agreement on the contentious issue of Formula 1 engine regulations for the future.

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