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FIA confirms plans for 2017 ‘budget' F1 engine
The FIA has revealed plans to introduce a budget engine into Formula 1 from 2017 after Ferrari blocked plans to introduce a price cap on power units. The world motorsport governing body is keen to address rising costs in the sport which has ultimately led to plans for a tender process to find a manufacturer for a ‘client' engine. Complex V6 hybrid engines introduced in 2014 have seen the costs of power units rise significantly for customer teams. A maximum cost for engines and gearboxes was tabled at a recent F1 Strategy Group meeting garnering support from the majority of teams except Ferrari, who chose to veto the plan. The FIA has decided not to challenge the decision but will press...
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