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FIA and F1 teams agree to cut costs
Published in The Saudi Gazette on 22 - 10 - 2008

FIA and representatives of Formula One teams have reached a deal to cut costs for smaller teams from next season.
FIA president Max Mosley and Ferrari chairman Luca di Montezemolo, who represented the newly founded Formula One Teams Association, or FOTA, say the agreement will produce “significant cost savings for 2009 and 2010.” Their joint statement Tuesday provided no further details.
Officials with two of the teams told The Associated Press the cost of engines supplied to independent teams will be capped at $13.2 million a year. The engines will also run for three instead of two race weekends. The officials spoke on condition of anonymity because the details had not yet been officially announced.
Further changes to testing mileage and chassis design will be discussed at a future meeting.
The change would mean smaller teams such as Force India, Red Bull and Toro Rosso will receive 25 engines a season, each of which will last for three race weekends rather than the current two.
The teams will meet on the sidelines of the Brazilian Grand Prix between Oct. 31 and Nov. 2 to discuss changing the testing mileage from 2009, the team officials said.
After the Sao Paulo race, FIA and FOTA will meet again to modify the rules for chassis design from 2010 onward, they said. Tuesday's meeting took place amid heightened tension between the teams and the sport's governing body, after several teams, including McLaren and BMW Sauber, expressed their opposition to Mosley's proposal for standardized engines and chassis parts.
German magazine Auto Motor und Sport reported that the proposals caught teams by surprise on Friday, prompting them to cancel their participation in the Geneva meeting and send Montezemolo in their place to show a united front. Mosley had described the sport's combined $1.6 billion spending in 2008 as “unsustainable,” saying the teams were relying too heavily on the goodwill of rich individuals and corporate sponsors.
“There is now a real danger that, in some cases, these subsidies will cease,” Mosley said in a statement released Monday.
“This could result in a reduction in the number of competitors, adding to the two team vacancies we already have and reducing the grid to an unacceptable level.


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