FOTA On Verge Of 5 Million Euro Engines
FOTA, the F1 teams association, has had another successful meeting today in which customer engines, and KERS were discussed.
On the point of customer engines, FOTA want customer engines to be produced and then sold for 5 million euros to allow smaller teams using these engines, usually “independents” a chance of surviving as costs increase all around.
It is just one of many cost cutting measures that FOTA have been discussing over the months, and with Ferrari’s Luca di Montezemolo and Toyota John Howett on board, it looks like there is a good chance.
FOTA chairman Luca di Montezemolo told Gazzetta dello Sport: “This is a first package of proposals, voted unanimously, which will bring important cost reductions. We agree on trying to have five million Euros engines in 2010. We also agree on producing new engines in 2011 at lower costs.
“Before the end of 2008 we’ll face the issues regarding 2010. It was unthinkable that the future of Formula One should be decided between the Chinese and the Brazilian GP. More time is needed, but the spirit of collaboration is really nice.”
FOTA appears to be doing well, and Ross Brawn of Honda is impressed.
“I think the work that FOTA is doing is very good and I hope through FOTA we can make some alternative proposals which achieve the FIA’s objectives, FOTA’s objectives and we can come together on that. There are some very good ideas.” he said.