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Todt admits disappointment at Ferrari engine cost veto
FIA president Jean Todt, has admitted to disappointment at Ferrari's decision to veto a bid to cost-cap engines. The Italian manufacturer's move was revealed on Monday, when the FIA announced its intention to tender for a cheaper, independent engine supply, though it is believed the Italian company will have had the private support of fellow engine suppliers Mercedes, Renault and Honda. The FIA had intended capping the engines at €12m (£8.5) a year, whereby at present customers are charged around €20m (£14.2), however, Ferrari, which some years ago was granted the power to veto virtually any regulation change it doesn't agree with, opted to exercise that right. It's a...
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9y ago from Pitpass.com
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