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
Marc Marquez on latest MotoGP protocol: "They...
No description available...
12h ago from Motorsport.com
What we learned from Yamaha's first public outing with...
No description available...
13h ago from Motorsport.com
MotoGP unveils new championship trophy
On Thursday, MotoGP officially revealed its brand-new championship trophy...
14h ago from MotorsportWeek.c...
Franco Morbidelli at risk of ride-through penalty...
No description available...
14h ago from Motorsport.com
Popular On IndyCarToday.com
Robert Shwartzman refutes rumors about unhappiness in...
Robert Shwartzman has denied that he is unhappy in IndyCar after wrapping...
2d ago from MotorsportWeek.c...
Christian Lundgaard calls first McLaren season a...
No description available...
3d ago from Motorsport.com
Rinus VeeKay separates from Dale Coyne Racing
Rinus VeeKay will not race with Dale Coyne Racing next season after...
1w ago from MotorsportWeek.c...
Popular On TotalWRC.com
Adrien Fourmaux takes WRC Rally Chile lead as title...
No description available...
8h ago from Motorsport.com
Adrien Fourmaux leads as Chile bites
The first day of WRC Rally Chile delivered drama in spades. Through it...
9h ago from MotorsportWeek.c...
Frustrated Thierry Neuville facing WRC Rally Chile...
No description available...
13h ago from Motorsport.com
WRC Chile: Elfyn Evans inherits lead after Kalle...
No description available...
15h ago from Motorsport.com
Popular On GunnersToday.com
'100%' – Sources reveal hugely positive Arsenal...
Arsenal may be set to receive good news on both William Saliba and Bukayo...
14h ago from CaughtOffside.com
'Never seen a player like him' - Arsenal icon Gael...
Former Arsenal defender Gael Clichy has claimed that Manchester City star...
11h ago from SportsKeeda.com
'He's evolving well' | Arteta cautious over Saka...
Arsenal manager Mikel Arteta remains cautious over Bakayo Saka's injury at...
17h ago from SkySports.com
‘They are the strongest’: Arteta says Liverpool...
t;li>Champions signed Wirtz and Isak during transfer window‘They have...
15h ago from TheGuardian.com
Comments
Hottest News
Red Bull 'questioned everything' to return Max Verstappen...
It was a victory a long time coming, and a long... Read More »
57m ago from RacingNews365.com
Max Verstappen's Nurburgring debut: The schedule, weather...
Max Verstappen, known exclusively for his Formula... Read More »
37m ago from GPFans.com
Zak Brown 'sensitive' to McLaren title talk as 'painful'...
With just one third of the F1 season remaining,... Read More »
1h ago from RacingNews365.com
