F1: Magneti Marelli offering F1 KERS for US $1m

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From GMM

Magneti Marelli is reportedly offering a KERS system to formula one teams for a price of US $1 million per season.

The Sesto San Giovanni-based company is a Fiat subsidiary and electronics specialist that was involved with Ferrari's energy-recovery technology deployed in formula one last year.

It has already been reported that Ferrari-powered Sauber is considering using a Magneti Marelli system next year, as is Red Bull, whose engine supplier Renault also turned to the Italian company for its KERS in 2009.

Autosprint reports that Toro Rosso , also powered by Ferrari, could also use a Magneti Marelli KERS in 2011, as well as the new teams Virgin, Lotus and HRT.