Ferrari may pull out of Formula One
Formula One's governing body is moving forward with its plan to have a sole engine and transmission supplier beginning in 2010, saying some parties have shown interest in the bidding process.
Cars in a parking lot
SAO PAULO, Brazil–Formula One’s governing body is moving forward with its plan to have a sole engine and transmission supplier beginning in 2010, saying some parties have shown interest in the bidding process.
FIA said in a statement Monday that it “received a number of questions from interested parties regarding” the invitation to tender it made on Oct. 17.
The governing body intends to introduce rule amendments “requiring all competitors must use a standardized engine and transmission system” for the 2010, 2011 and 2012 seasons.
Ferrari is not pleased with the decision, saying it could pull out of F1 if the changes go through. Following a board meeting on Monday, the Italian team said in a statement that introducing a standardized engine would eliminate the essence of a sport “based on competition and technological development.”
FIA said that joint bids for engines and transmissions and for engines alone must be submitted by Nov. 7. Bids for power transmission systems alone won’t be due until three weeks later.
Some teams had initially complained about the proposal, but the measure is part of FIA’s moves to try and reduce costs in F1 amid the global financial crisis.
FIA also said it also intends to set minimum usage requirements based on kilometres. Changing an engine or transmission system before the minimum requirement would bring penalties for teams.
The exclusive engine supplier will provide either the full engine or the information so the teams can build them. The sole supplier will work with FIA to ensure that all engines and parts are in accordance to the rules.
The supplier of transmission systems will provide them ready to use to all competitors.
The bidders will quote overall prices per car and per season of between 18 and 20 races, plus 30,000 kilometres of testing, FIA said.