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Ferrari veto FIA propose engine maximum price cap
Ferrari vetoed Formula One cost reduction measures that included a proposal to set a maximum price for the engines and gearboxes manufacturers supply to customer teams, the governing FIA said on Monday. The International Automobile Federation said it had studied a range of measures including a global cost ceiling, the use of technical and sporting regulations to cut costs and increased standardisation of parts. 'The FIA, in agreement with FOM (the commercial rights holder), suggested the principle of setting a maximum price for engine and gearbox for client teams at the last Strategy Group meeting,' it said in a statement. 'These measures were put to the vote and adopted with a large...
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