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F1 engine suppliers meet to discuss cost reductions
Formula One's engine manufacturers had their first meeting Saturday to discuss ways of reducing costs for teams and head off the threat of the sport introducing a cheaper independent engine. The sport's governing body, the FIA, had put out tenders for the manufacture and supply of independent engines, and received interest from several companies. Current engine suppliers used their regulatory power to block the idea -- saying it hurt their business plans -- and instead pledged to come up with their own way of reducing costs for customer teams. The current engine suppliers -- Mercedes, Ferrari, Renault and Honda -- plan a series of meetings before reporting back proposals on Jan. 15...
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