From GMM
The FIA, formula one's governing body announced on Friday that British company Cosworth, owned since 2004 by Gerry Forsythe and Kevin Kalkhoven has won the tender to supply a low-cost engine and transmission package in 2010 and beyond.
In the wake of Honda's shock departure from the sport, the FIA said in a statement that the news confirmed its fears about the current financial format, and sent a letter to team bosses.
It is revealed that the cost to teams wanting to use the un-badged Cosworth engine option will be $2m euros, plus 5.5 million euros each season.
"The annual cost will reduce if more (than four) teams take up the option," FIA president Max Mosley wrote.
Teams not wanting to use the standard engine have "the right to build an engine themselves", or a de-tuned version of their current 2.4 litre V8s, but must use a standard transmission supplied by Ricardo Transmissions, another British company.
Mosley said the measures will help small teams survive, and also pave the way for the replacement of more outgoing manufacturers, "as seems likely" to be necessary.
He wants four teams to sign up the scheme by next Thursday, or the price may go up.
photo:WRI2
The FIA, formula one's governing body announced on Friday that British company Cosworth, owned since 2004 by Gerry Forsythe and Kevin Kalkhoven has won the tender to supply a low-cost engine and transmission package in 2010 and beyond.
In the wake of Honda's shock departure from the sport, the FIA said in a statement that the news confirmed its fears about the current financial format, and sent a letter to team bosses.
It is revealed that the cost to teams wanting to use the un-badged Cosworth engine option will be $2m euros, plus 5.5 million euros each season.
"The annual cost will reduce if more (than four) teams take up the option," FIA president Max Mosley wrote.
Teams not wanting to use the standard engine have "the right to build an engine themselves", or a de-tuned version of their current 2.4 litre V8s, but must use a standard transmission supplied by Ricardo Transmissions, another British company.
Mosley said the measures will help small teams survive, and also pave the way for the replacement of more outgoing manufacturers, "as seems likely" to be necessary.
He wants four teams to sign up the scheme by next Thursday, or the price may go up.
photo:WRI2