News Details
Ferrari exercised veto to block engine cost cap - FIA
Formula 1's governing body, the FIA, has confirmed that during a Strategy Group meeting, Ferrari exercised its right to veto a cost cap for engine supply, despite the majority voting in favour. The cost of purchasing a supply of F1's new turbo-hybrid V6 power units - priced at around £20 million per season - has been raised as a problem since their introduction in 2014. A proposal to cap the cost was put to the teams with most voting in favour, however Ferrari, as the sports oldest team, has the right to veto any changes and decided to do so, according to a statement by the FIA. "The FIA, in agreement with FOM, suggested the principle of setting a maximum price for engine...
Full Story »
Full Story »
9y ago from GrandPrixTimes.com
0
You May Also Be Interested In...
FIA to push for standard engine for 2017
Red Bull/Getty Images The FIA has confirmed that it is investigating...
9y ago from F1Zone.net
FIA to investigate 'client engine' for 2017
– Formula 1's governing body, the FIA, is to investigate the...
9y ago from GPUpdate.net
FIA set to allow new engine, slams Ferrari veto on...
XPB Images
The FIA says it is set to allow a new power unit to...
9y ago from F1i.com
Arrivabene: We cannot ask for less than what it costs...
Ferrari has signaled its intention to veto any moves to cap the cost of...
9y ago from GrandPrix247.com
Elsewhere On The Network
Popular On MGPToday.com
The CRB is the F1 ‘court’ that could unlock Jorge...
No description available...
14h ago from Motorsport.com
Aprilia preparing test for Jorge Martin ahead return...
Aprilia is prepared to organise a special test for MotoGP World Champion...
1d ago from MotorsportWeek.c...
Gresini reveals extent of Alex Marquez's injuries...
Gresini Racing team manager Michele Masini revealed the extent of Alex...
4d ago from MotorsportWeek.c...
Why Assen Moto2 winner Diego Moreira is in pole...
No description available...
1d ago from Motorsport.com
Popular On IndyCarToday.com
Feature: Evaluating IndyCar’s hybrid power system...
The NTT IndyCar Series introduced its long-developed hybrid system in the...
11h ago from MotorsportWeek.c...
RLL having to ‘unwind’ and ‘backtrack’...
Rahal Letterman Lanigan Racing is making a concerted effort to move...
2d ago from MotorsportWeek.c...
IndyCar will not return to Thermal Club in 2026...
According to comments made by Thermal Club founder and owner Tim Rogers,...
1w ago from MotorsportWeek.c...
Where does Santino Ferrucci see his first IndyCar win...
No description available...
6d ago from Motorsport.com
Popular On TotalWRC.com
Oliver Solberg to make WRC Rally1 outing with Toyota...
No description available...
18h ago from Motorsport.com
Sebastien Ogier to make WRC return at Rally Finland
No description available...
1d ago from Motorsport.com
New WRC 2027 regulations draw interest from tuners and...
No description available...
2d ago from Motorsport.com
Popular On GunnersToday.com
Cristiano Ronaldo's Al-Nassr ready to pay 85m to sign...
Cristiano Ronaldo-led Al Nassr are reportedly looking to sign Gabriel...
3h ago from SportsKeeda.com
Report: Al Nassr preparing huge 85m bid to sign...
Arsenal could be set for a major shake-up in attack this summer, with...
4h ago from FreshArsenal.com
Fabrizio Romano: Arsenal have held new round of talks...
Arsenal have held talks to sign yet another Chelsea player, according to a...
5h ago from FreshArsenal.com
Reliable source says Arsenal have made progress to...
Arsenal transfers are taking shape as they look to have made major...
6h ago from FreshArsenal.com
Comments
Hottest News
Max Verstappen F1 theories run wild as champion's jet lands...
Defending world champion Max Verstappen has sent... Read More »
6h ago from GPFans.com
Jos Verstappen retaliates after confident Red Bull exit...
Jos Verstappen has hit back over claims regarding... Read More »
7h ago from GPFans.com
McLaren and Google Chrome show off Legacy at Speed livery...
McLaren and Official Primary Partner Google... Read More »
2h ago from F1Technical.net
