F1 close to cheaper engine solution, says Todt

Fri Jan 15, 2016 1:36pm EST
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By Alan Baldwin

BIRMINGHAM, England (Reuters) - Formula One is close to a solution that would allow hard-up private teams to secure cheaper engines from the sport's four manufacturers without the need for an alternative supplier, FIA president Jean Todt said on Friday.

Speaking just hours before the deadline for the manufacturers to come up with proposals, as they agreed to do last November, the Frenchman said he was optimistic after recent meetings.

"They (the manufacturers) are going to make some proposals by tonight," he told reporters at the annual Autosport International show.

"I have proposals on most of the items which I feel are going in the right direction," he added, without giving details.

"On Monday afternoon...we have a Strategy Meeting in Geneva and the day after we have the F1 Commission in Geneva, so that’s where we are.

"I think we are very close," added Todt.

In November, the four manufacturers -- Ferrari, Mercedes, Renault and Honda -- agreed to come up with a plan to reduce the cost of power units and ensure no team was left without one.

The move followed the rejection, by the Strategy Group that the manufacturers dominate, of a move to introduce an alternative engine.   Continued...

Mercedes' Lewis Hamilton in action during a race in Abu Dhabi
Action Images / Hoch Zwei