Teams agree to 2008 proposals

At a meeting in Monaco today the Formula One teams gave their agreement to the FIA proposals for changes to the sport in 2008. The exact details have yet to be hammered out but it's possible some of the regulation changes could be bought into...

At a meeting in Monaco today the Formula One teams gave their agreement to the FIA proposals for changes to the sport in 2008. The exact details have yet to be hammered out but it's possible some of the regulation changes could be bought into effect by 2006. A change to engine specification, one tyre supplier, standard electrical control units (ECU), cutting back on private testing; these were some of the FIA's proposals and the teams agree, at least in principle.

"It was a very good meeting," said FIA president Max Mosley. "Where I had expected very significant dispute and debate there really was none and it was very constructive. We went through all of the proposals and discussed them with the teams in some detail and as far as doing things sooner than 2008 there was a wide measure of agreement that we need changes much sooner."

The change to a 2.4 litre engine is still under debate but the manufacturers are working on ideas to reduce financial overheads. Mosley added: "I think we are going to see a new engine formula in 2006. The engine manufacturers are going to make proposals in addition to those that we have made to reduce the engine costs by 50 percent."

"The only discussion on the engine was whether it was more economic to extend the engine life of a V10 rather than to have a 2.4. That's to say a V10 three-litre doing three races, four, five and eventually six races, rather than a 2-4 V8 doing at least two races and possibly more races later on. But the multi-race engine principle is completely accepted; the need to reduce the power is completely accepted."

With this initial approval of the changes, it appears the Grand Prix World Championship (GPWC) no longer has any reason to split from F1. Mosley previously said the FIA would have autonomy from 2008 and for the teams it was a matter of agree to the changes or do not take part in F1 in the future.

With all the teams siding with the FIA on the proposals, it seems F1 will be unchallenged by a breakaway series. "I think the GPWC people have got what they wanted and that they will be with us and that they will stay with us," said Mosley. "The only way I can see us losing them now is if the championship is not interesting."

Mosely's statement to the press did not reveal if the day's dicussions had included the distribution of financial revenue to the teams. However, it's reported that Bernie Ecclestone will allocate the teams the sums of money agreed on when the Memorandum Of Understanding was signed with the GPWC at the end of last year.

2008 proposals press briefing

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Series Formula 1
Drivers Bernie Ecclestone