Cosworth to supply F1 with standard engines
#1
12-05-2008, 08:33 PM
Cosworth to supply F1 with standard engines
Formula One news: Cosworth to supply F1 with standard engines - GPUpdate.net Formula One
The FIA announced on Friday that it believes it is now even more important to cut costs in Formula 1. 'The announcement of Honda's intended withdrawal from Formula One has confirmed the FIA's longstanding concern that the cost of competing in the World Championship is unsustainable,' a FIA statement said. In order to do so the FIA granted Cosworth the exclusive right to build a standard engine for Formula 1.
The Cosworth deal though doesn't mean every Formula 1 team will have to buy its engine from Cosworth. The teams are given three options as of 2010: buy the engine at Cosworth, build your own engine but with the technical specs supplied by Cosworth or the right to continue to use a team's existing engine, with the current ban on development and requirement for engine parity still in place (noting that the engine supplied will become the reference engine for output and other performance indicators and no engine will be permitted to exceed those indicators).
FIA President Max Mosley said in a letter to the Formula 1 teams: "Further to my letter of 18 November (copy attached for convenience), we have completed the tendering process and are now in exclusive negotiations with Cosworth together with Xtrac and Ricardo Transmissions (XR) to supply a complete Formula One power train starting in 2010. The engine will be a current Formula One engine while the transmission will be state-of-the-art Formula One and a joint effort by two companies which already supply transmissions to most of the grid.
"The cost to each team taking up this option will be an up-front payment of £1.68M (€1.97M) and then £5.49M (€6.42M) per season for each of the three years of the supply contract (2010, 2011, 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. The annual cost will reduce if more teams take up the option, for example to £4.99M (€5.84M) per team with eight teams. It will further reduce if less than 30,000 km of testing is required. Neither engine nor transmission will be badged."
The FIA announced on Friday that it believes it is now even more important to cut costs in Formula 1. 'The announcement of Honda's intended withdrawal from Formula One has confirmed the FIA's longstanding concern that the cost of competing in the World Championship is unsustainable,' a FIA statement said. In order to do so the FIA granted Cosworth the exclusive right to build a standard engine for Formula 1.
The Cosworth deal though doesn't mean every Formula 1 team will have to buy its engine from Cosworth. The teams are given three options as of 2010: buy the engine at Cosworth, build your own engine but with the technical specs supplied by Cosworth or the right to continue to use a team's existing engine, with the current ban on development and requirement for engine parity still in place (noting that the engine supplied will become the reference engine for output and other performance indicators and no engine will be permitted to exceed those indicators).
FIA President Max Mosley said in a letter to the Formula 1 teams: "Further to my letter of 18 November (copy attached for convenience), we have completed the tendering process and are now in exclusive negotiations with Cosworth together with Xtrac and Ricardo Transmissions (XR) to supply a complete Formula One power train starting in 2010. The engine will be a current Formula One engine while the transmission will be state-of-the-art Formula One and a joint effort by two companies which already supply transmissions to most of the grid.
"The cost to each team taking up this option will be an up-front payment of £1.68M (€1.97M) and then £5.49M (€6.42M) per season for each of the three years of the supply contract (2010, 2011, 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. The annual cost will reduce if more teams take up the option, for example to £4.99M (€5.84M) per team with eight teams. It will further reduce if less than 30,000 km of testing is required. Neither engine nor transmission will be badged."
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