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Ferrari stands by cost cap veto
Ferrari boss Maurizio Arrivabene has defended his team's decision to veto plans to cost cap engine prices, a move revealed by the FIA earlier this week. On Monday, the FIA revealed that at the last Strategy Group meeting, in association with FOM, it had suggested setting a maximum price for engine and gearboxes for client teams. While the proposal was 'adopted with a large majority', Ferrari used its 'right of veto long recognised under agreements governing F1' to kill the idea. Opting not to mount a legal challenge the FIA is instead tendering for an independent customer engine for 2017, the cost of which will be 'much lower than the current power unit'. Speaking in Mexico, Arrivabene...
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9y ago from Pitpass.com
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