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FIA allow new engine, Ferrari vetoed proposed cost reduction measures
FIA allow new engine, Ferrari vetoed proposed cost reduction measures The FIA has studied cost reduction measures for teams participating in the FIA Formula 1 World Championship which were not conclusive, including: – a global cost ceiling, – a reduction in costs via technical and sporting regulations, – an increased standardisation for parts. The FIA, in agreement with FOM, suggested the principle of setting a maximum price for engine and gear box for client teams at the last Strategy Group meeting. These measures were put to the vote and adopted with a large majority. However, Ferrari SpA decided to go against this and exercise the right of veto long recognised under...
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10y ago from ThisIsF1.com
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