FIA And FOTA Reach Cost Cutting Agreement For 2010!!! | FerrariChat

FIA And FOTA Reach Cost Cutting Agreement For 2010!!!

Discussion in 'Other Racing' started by RP, Oct 21, 2008.

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  1. RP

    RP F1 World Champ

    Feb 9, 2005
    17,667
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    Tone Def
    (from autosport) Tuesday, October 21st 2008, 17:03 GMT

    A plan to make dramatic cost-cuts was agreed between the FIA and the Formula One Teams' Association (FOTA) in a landmark meeting in Geneva, it was announced in a joint statement on Tuesday.

    It is believed that a broad agreement was reached between FIA president Max Mosley and FOTA chiefs Luca di Montezemolo and John Howett to introduce drastic cost reductions from next year.

    The joint statement read: "Today's meeting in Geneva has produced significant cost savings for 2009 and 2010.

    "FOTA are working urgently on further proposals for 2010 and thereafter."

    But while the statement did not detail any specific measures, autosport.com understands that four key points were agreed:

    - Engine life will be increased from two to three races from 2009

    - Manufacturers must be prepared to make 25 engine units available, at a cost of 10 million Euros, to customer teams

    - There will be a further meeting between FOTA members in Brazil to determine testing kilometre limits for 2009, and an agreement in principal on the introduction of a standard Kinetic Energy Recovery System (KERS) unit for 2010 or 2011. KERS is believed to remain open for teams to use next season.

    - The sport's governing body and FOTA will meet again after the Brazilian Grand Prix to discuss measures to reduce costs related to chassis development and the continuation of the use of customer chassis in the future.

    When asked to comment on the agreements, an FIA spokesman said it was "inappropriate to comment at this time", but described the meeting as "very positive and constructive."

    One source added that the meeting had "historical" significance because it "was the first time the teams had enjoyed such unanimity" in their discussions over the sport's future direction.
     
  2. GrigioGuy

    GrigioGuy Splenda Daddy
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    "standard" KERS? So much for hoping for new innovation and distinctions between the teams. :(
     
  3. kizdan

    kizdan F1 Veteran

    Dec 31, 2003
    5,505
    Good.............no sign of spec engines.
     
  4. zoRob

    zoRob Formula 3

    Oct 31, 2006
    2,004
    Cambs, UK
    +1
     
  5. GrigioGuy

    GrigioGuy Splenda Daddy
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    Actually, the current engines have required geometry and other restrictions, the teams are working in a very narrow window as it is. The main objection to "spec" was "third-party spec"
     
  6. robertpel9

    robertpel9 Formula Junior
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    Feb 28, 2004
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    Orange County CA
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    Robert
    Thoughts on making an engine last three weekends - I think we are in for some bursts of smoke next year leading to more unpredicatble finishes, maybe that is not a bad thing.

    I am again a Spec engine and also for that matter the engine freeze, F1 is about technology and pageantry first and foremost it is not for those who want to see action in terms of rubbing and overtaking left and right. I think mandating additional weekend out of an engine is a good thing for competition (Not sure about costs as they burn thru plenty of engines outside of the racetrack anyway) but I would like to see them be able to develop them further
     
  7. 1_can_dream

    1_can_dream F1 Veteran

    Jan 7, 2006
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    Kyle
    Just give it a year or two.
     
  8. rmani

    rmani F1 Veteran
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    Nov 1, 2003
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    i wanna see the big teams spending over a billion per season. screw spec engines and all cost cutting.
     

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