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F1 agrees cheaper power units for 2017 and beyond

Formula 1 announced a deal with the sport's four engine manufacturers on Friday to reduce prices over three years from 2017, ensure all teams are supplied and reduce performance gaps. The governing International Automobile Federation (FIA) said in a statement that the agreement had been approved by its World Motor Sport Council and would now be written into the regulations. As part of the agreement, thrashed out over months, the FIA committed to stable power unit regulations until 2020 — something the manufacturers needed to make the engines more affordable. Research into 'improving the sound', which means cranking up the volume to appease fans yearning for the old ear-splitting V8...
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