Eurosport - Fri, 05 Dec 16:37:00 2008
Cosworth will provide Formula One teams with a low-cost engine option from 2010, the sport's governing body said shortly after Honda announced their withdrawal from the sport.
FIA president Max Mosley (pictured) said the body was in exclusive negotiations with Cosworth, Xtrac and Ricardo Transmissions (XR) to provide a complete powertrain (engine and gearbox).
"The cost to each team taking up this option will be an up-front payment of £1.68 million ($2.44 million)," Mosley wrote in a letter issued hours after Honda announced they were quitting for financial reasons.
The teams would then pay £5.49 million per season, a fraction of the current price, for each of the three years of the supply contract from 2010-2012.
"This price is based on four teams signing up and includes full technical support at all races and official tests, plus 30,000 km of testing," added Mosley.
"The annual cost will reduce if more teams take up the option, for example to 4.99 million pounds per team with eight teams. It will further reduce if less than 30,000 km of testing is required."
With a nod to the major manufacturers, Mosley said teams would have two other options if they wanted to continue building their own engines.
The first alternative was to make the engine themselves, to the same specification as the Cosworth one after being provided with the necessary information.
The second was to continue to use their existing engines, subject to the current ban on development and with a requirement for engine parity.
"Teams opting for one of the latter two options would nevertheless use the XR transmission," said Mosley.
The Briton, who has long warned that Formula One had become financially unsustainable with some teams spending well in excess of $300 million a year, said the cost-cutting measures would help independent teams survive the global economic crisis.
They could also make it easier for Honda to be replaced on a grid that now runs to just 18 cars while avoiding any change to the show on offer.
Honda Motor Co Chief Executive Takeo Fukui told a news conference on Friday that a return to the sport could take time, and that there were no plans to continue as an engine supplier.
Mosley said at least four teams had to enter into contracts to use the power train by close of business on December 11 for the arrangements to proceed.
"In the event of fewer than four teams signing up, the FIA may still proceed but the price on offer will vary," he said.
The Formula One Teams Association (FOTA) said in a statement after a meeting on Thursday that they were also committed to savings, but gave a later date for the introduction of their proposed low-cost engine.
"The teams have agreed to further measures implementing substantial cost cutting for 2009 and 2010, and additional initiatives to improve the show," they said.
"Furthermore it is unanimously agreed that a new low cost engine will be introduced in 2011."
Comment 38 - 57 of 57
Landie, you aren't supposed to read what Marnio/Marion writes, it's not worth wasting your life with it. I see the idiot picture he puts up and skip his comments. If we all ignore the idiot he'll give up and go away.
Unless he comes up with a comment worth reading.
Yeah right, like that's gonna happen.
Stick with reading Touronroute's fantasies, at least they'll make you laugh.
kabsl, i don't think widening the tracks is the answer. There is only one racing line however wide the track is. The part which isn't the racing line will get dirty and be covered in marbles. What we need is to reduce the aerodynamics. The reason cars find it hard to overtake is the prevailing vortex of air behind the car.
They should give each team a standard front and rear wing, and ban all extra aerodynamic surfaces. If the following car has cleaner air to use, it will be able to get closer to the corner and have a better chance of outbraking the car in front.
Oh, and please will someone place something VERY heavy on that idiot Marion's hands, i can't be the only one that has tired of reading the ramblings of an uninformed idiot!
Honda cars more boring than a coma? ANY Type-R, NSR?
STUPID MORON
mclaren are cheats along with hamilton No 1 will ever take them too seriosly, they tarnish the name of F1 un repairable now my hoes THE NAME OF F1 TOO TARNISHED it is a joke...
mclaren are cheats along with hamilton No 1 will ever take them too seriosly, they tarnish the name of F1 un repairable now my hoes THE NAME OF F1 TOO TARNISHED it is a joke...
Mr B go and buy a TR6 or MGB and you will only pay cents for running costs these cars are cheap to run and insure and more fun than the gimmicked boxes nowadays.
Hello my little marnio -McLAREN are the champions ha ha ha ha ha
Peru, top car makers, top F1 drivers, no idea
hello my little f1 bum chums it marion here from peru.
mr hamiltons son say he stay with mclaren men for life. that nice for him but what do mclaren men say? you see mclaren is now german owned. the parent company is the mercedes benz which is the german. the engine is the german engine. everything about the team is the german. mr hamiltons son now the swiss gentleman he eat much cheese and sings in the morning at mountains. mr hamiltons father is also now the swiss man. in fact there nothing british about this team at all. even the man who tidy up the garage after the race has moved to switzerland with his mother. switzerland is owned by the german. my friends the whole team is GERMAN - and guess what - so is mr glock. now you see why the time stand still for mr glock on the last lap. like he in the time warp. not even the people abducted by the alien lose the amount of time he lost on that last lap. IT IS A DISGRACE!!!
kabsl, the problem for Formula One is that the F1 engines in 2008 cost upwards of £2 milion each, and this cost has proved unsustainable, as the withdrawal of Honda has proved. By the way, if Honda can sell their F1 team, and if that team (under a new banner) were to compete in 2009, has anybody suggested whose engine they would be using?
hello my little f1 bum chums it marion here from peru.
mr hamiltons son say he stay with mclaren men for life. that nice for him but what do mclaren men say? you see mclaren is now german owned. the parent company is the mercedes benz which is the german. the engine is the german engine. everything about the team is the german. mr hamiltons son now the swiss gentleman he eat much cheese and sings in the morning at mountains. mr hamiltons father is also now the swiss man. in fact there nothing british about this team at all. even the man who tidy up the garage after the race has moved to switzerland with his mother. switzerland is owned by the german. my friends the whole team is GERMAN - and guess what - so is mr glock. now you see why the time stand still for mr glock on the last lap. like he in the time warp. not even the people abducted by the alien lose the amount of time he lost on that last lap. IT IS A DISGRACE!!!
instead of spending so much time and money on changing the rules, why dont they have 2-3 years of standard rules for engines. if there are no major changes to the engines less money has to be spent.
The money saved over the next few years could be deposited into a fund which can be used tfor widening of the tracks. this'll make for easier overtaking.
Max and bernie keep talking of reducing costs but then they introduce measures which require serious R&D - and increase costs. Seems like they have no idea what they are talking about
yeah voice of experience:
you're an idiot.
jsut so you know
R.I.P F1
if the manufacter cannot develop there car there is no point in throwing money at the sport
Is budget-capping really feasible?
It is open to all kind of abuse from the more powerful / wealthier teams, to some of which the FIA would turn a blind eye effectively giving them carte-blanche to flout the rules.
The rules must be unambiguous and straight forward to enforce. Especially considering the rather subjective interpretations of the regulations we have seen recently.
Why don't you just use the Ford Mondeo engine, and be done with it, you could call it formula Chitty Chitty bang bang races.
Amongst much wailing and gnashing of teeth, the F1 purists are being consigned to the parts bin of life. Grow up and accept the inevitable, the top teams spending gazillions to win is going to stop. More 'kit cars' and stock engines filling the grids will be the norm. If you don't like the spectacle any longer, no-one is forcing you to watch it. For my money, the racing will be a lot better than it has been for the last 25 years or so.
zero10iz, I agree totally.
Who will rid me of this turbulent würtzwacker?
That's it. I'm done with F1 after next year. This is basically forcing the teams to adhere to a standardised engine, since the engine freeze will make the engines obsolete in a few years anyway (if not sooner).
On that note, haven't Mosley and Bernie realized that it's those increasingly stringent and ridiculous rules that are being introduced in F1 that force teams spend incredible amounts of money for the smallest advantage? I say loosen the rules, and put a cap on spending to give teams more variation in which area they choose to spend their money on (eg, one team want to spend 50 mil on developing their engine, while another may want to spend 30 on an engine and 20 on aero, etc). This would make the sport much more interesting to give room for development, while limiting budget so teams must choose wisely.
Bring back the V-10s, or better yet, the V-12s.
MARION LEWIS IS CHAMP GET OVER IT, LOVE IT
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