A potential cost cap for F1 customer engines is believed to have been discussed during the latest Strategy Group meeting, as teams look to control the rising price of power supply.
As reported by Autosport, discussions took place on Monday to ascertain how the price of the latest generation powerunits could be reduced from £15-20m per season to around £7m – the amount that the definitive V8 engines cost in their final season.
It is believed that the cap would be put in place for the supply of both the latest powerunits as well as one-year-old (Current -1) engines, which are also believed to have been the subject of discussion during the Strategy Group meeting.
Such an approach would allow a more cost-effective supply of reliable powerunits for smaller teams and open up new engine partnerships between teams – for example, Red Bull could secure a supply of Current -1 engines that would not pose a threat to the works team but ensure they have a powerful motor to compete in the championship.
The FIA stated earlier this year that the failure to control the supply cost of the 1.6 litre turbocharged V6s powerunits was an oversight when the current specification units were introduced in 2014.
It is believed that the outcomes of the latest Strategy Group talks will inform the FIA’s cost cap dossier, which is currently being compiled by FIA President Jean Todt, who is known to be in favour of implementing greater financial securities for the sport.
A full update on the outcome of the Strategy Group meeting is expected later this week.