A proposed pricing cap on what Formula 1 engine suppliers could charge customer teams for their power units has been killed off after Ferrari vetoed the measure, the FIA has announced.
The issue of rising costs in the open-wheel racing series was recently discussed during a Formula 1 Strategy Group meeting. In response, the FIA raised the idea of implementing a maximum price in which suppliers such as Mercedes or Ferrari could sell their engines for. A “large majority,” of the teams voted in favor of the new rule, however Ferrari then exercised their right Ferrari to veto the measure.
The FIA says it “ has decided not to legally challenge Ferrari SpA’s use of its right of veto,”and will therefore “initiate a consultation with all stakeholders regarding the possible introduction of a client engine, which will be available as of 2017.”
Such a client engine would be produced by an outside party currently not competing in F1 and would be available to interested teams for cheaper than a Ferrari power unit or one from another major manufacturer. A potential supplier has yet to be named, however the FIA promises the engine’s price “would be much lower than the current power unit.”