user icon

Ferrari block Cheap Engines

  • Published on 27 Oct 2015 08:59
  • comments 0
  • By: Harry Shovelar

F1Today has learnt that Ferrari had used it's right of a veto to block proposed changes to halve costs of the V6 Power Unit.

Currently, Mercedes, Ferrari and Renault charge their customers around €20million for a Power Unit. The FIA revealed plans at the last Strategy Group Meeting to reduce costs through having a maximum price to which manufacturers can charge their customers for a Power Unit.

Ferrari due to their history has the 'Right of a Veto' for any new rules and indeed they decided to use their power for this cost cutting measure.

Formula One Management have responded with further plans to introduce an independent and cost-effective Formula 1 engine for 2017. Plans that were announced by Bernie Ecclestone over the US Grand Prix, who told reporters that due to the price of the V6 Engine, it's starting to scare off newcomers while challenging the current teams' finances.

"The FIA will put out a press release on Monday or Tuesday.

"[The engines] will probably have more power, probably use more fuel.

"It means I suppose there will be some regulation changes, which has already been anticipated for 2017 anyway, so there is nothing new."

From Day One, Ecclestone has never been a fan of the V6 Power Units and he believes a new independent supplier will immediately be competitive and, therefore, stop the stronghold that both Ferrari and Mercedes have on the sport - something that F1today has been reporting on. As for who will the supplier be, Ecclestone admitted Cosworth were interested, but any confirmation will have to wait till the FIA make a formal announcement sometime this week.

Written by Harry Shovelar

Replies (0)

Login to reply

BE Grand Prix of Belgium

Local time 

BE Grand Prix of Belgium

Local time 

Related news

Test calendar

Circuit de Catalunya - Winter testing

Circuit de Catalunya - Winter testing

See full test schedule

Give your opinion!

Will Bottas challenge Hamilton for the world championship in 2020?

World Championship standings 2020

Show full world champion standings

Team profile

Show full profile

Formula 1 Calendar - 2021

Date
Grand Prix
Circuit
-
Bahrain
26 - Mar 28
Bahrain
16 - Apr 18
Italy
7 - May 9
Spain
21 - May 23
Monaco
4 - Jun 6
Azerbaijan
11 - Jun 13
Canada
25 - Jun 27
France
2 - Jul 4
Austria
16 - Jul 18
United Kingdom
30 - Aug 1
Hungary
27 - Aug 29
Belgium
3 - Sep 5
Netherlands
10 - Sep 12
Italy
24 - Sep 26
Russian
1 - Oct 3
Singapore
8 - Oct 10
Japan
22 - Oct 24
United States of America
29 - Oct 31
Mexico
5 - Nov 7
Brazil
19 - Nov 21
Australia
3 - Dec 5
Saudi Arabia
10 - Dec 12
United Arab Emirates
See full schedule

Formula 1 Calendar - 2021

Date
Grand Prix & Circuit
26 - Mar 28
16 - Apr 18
7 - May 9
21 - May 23
Monaco Monte Carlo
4 - Jun 6
Azerbaijan Baku City Circuit
11 - Jun 13
25 - Jun 27
France Paul Ricard
2 - Jul 4
Austria Red Bull Ring
16 - Jul 18
United Kingdom Silverstone
30 - Aug 1
Hungary Hungaroring
27 - Aug 29
3 - Sep 5
Netherlands Circuit Zandvoort
10 - Sep 12
Italy Monza
24 - Sep 26
Russian Sochi Autodrom
1 - Oct 3
8 - Oct 10
22 - Oct 24
United States of America Circuit of the Americas
29 - Oct 31
5 - Nov 7
Brazil Interlagos
19 - Nov 21
Australia Albert Park
3 - Dec 5
Saudi Arabia Jeddah Street Circuit
10 - Dec 12
United Arab Emirates Yas Marina Circuit
See full schedule
show sidebar