Chase Carey has admitted that though F1 is seeking to control spending, plans do not include standardising the cars, however he insists there does need to be more standardising of components.

"In terms of the teams we are very much focused on cost," he said yesterday, "and I think one of our objectives is clearly to try, for the benefit of the teams as well as the sport overall, to find a way to manage and control cost and that is probably going to be through some sort of, there are many paths to get there, whether it is cost caps or other ways to address key components of the car.

"We are not looking to standardise the car," he insisted. "We think it is very important we continue to have a sport that is competition married to state of the art technology, so we are not looking to dumb the cars down, but I think we can standardise components a bit.

"We are looking for ways to help address what some of the teams in particular spend that would improve the overall economics of the business and enable everybody within it to benefit as well as improving the competition, because I think one of the challenges we have today is there are a handful of teams that currently spend at a level that is much different to the others and you can see the results on the track.

"If we can bring the costs into an area where they are more comparable, not equal, but they are more comparable to each other and it enhances competition it would make the economics of the business much better.

"We have begun that process with the teams," he revealed. "We have had some preliminary meetings and there are some big components to it like addressing the engine which is one of the most complicated parts of the car.

"It is certainly our goal to address those costs and we think that the sport will benefit on many levels from that.

"Today there are teams that are spending the better part of $500m to put a race car on the track. That simply doesn't make sense and if we can put a structure in place that is healthier for the business, improve competition on the track, make the sport more attractive but manage those costs it will create significant improved profitability that all of us should benefit from."

LATEST NEWS

more news >

LATEST IMAGES

galleries >

Click to go to the main galleries section

READERS COMMENTS

1. Posted by H.KBrit, 15/08/2017 3:43

"Instead of standardized parts, why don't we put all the F1 drivers in One Race of the calendar in the same cars whether it be in Subaru,Mercedes,Ferrari or Honda Civic(not an F1 car),they all get the same cars and the First, Second and third donates a chunk of money to their team charity. I think F1 is about thinking outside the box. "

Rating: Positive (1) Rate comment: Positive | NegativeReport this comment

2. Posted by Superbird70, 12/08/2017 13:14

"Single element front and rear wings. No stuck on aero. No radios. V-8 turbos"

Rating: Neutral (0) Rate comment: Positive | NegativeReport this comment

3. Posted by Spindoctor, 12/08/2017 6:05

"Fiddling while Rome burns (again)"

Rating: Neutral (0) Rate comment: Positive | NegativeReport this comment

4. Posted by Ro, 11/08/2017 13:30

"Dear Mr Carey, you are talking out of your A***. Its been tried before and no team will agree with it. You may as well race scaletrix ! Why dont you make it cheaper for fans, cheaper to watch on TERRESTIAL TV and not SKY ? If you want to standardise the engines, have a Cosworth V8 screamer, not an iddly-piddly 1600cc V6 that charges eveready's? I think Bernie did a better job than you have up to now."

Rating: Positive (5) Rate comment: Positive | NegativeReport this comment

5. Posted by mittagongcalling, 11/08/2017 11:54

"That's funny, I thought the FIA set the rules?????"

Rating: Neutral (0) Rate comment: Positive | NegativeReport this comment

6. Posted by VC10-1103, 11/08/2017 8:25

"ryanhellyer - They were called Hewland gearboxes, everybody in the F1 world except BRM & Ferrari (don't know about Alfa) used them."

Rating: Neutral (0) Rate comment: Positive | NegativeReport this comment

7. Posted by bfairey, 11/08/2017 1:10

"2.4L V6 and get rid of the junk around the front wings."

Rating: Positive (2) Rate comment: Positive | NegativeReport this comment

8. Posted by NS Biker, 10/08/2017 17:20

"It seems that every time this subject gets mentioned, they go and do something that INCREASES the cost of putting a competitive car on the track. Current engine (sorry, Power Unit) regs as a case in point.
They simplified front wings to reduce cost, look where we are now.
There was a move a few years ago to remove all the little winglets and aero widgets to clean up the cars and reduce development costs. Not happening.
Basically they want to fiddle with everything, take the inventiveness away from the teams and then be perceived as "designing" an F1 car for everyone to race.
One of the technical aspects I really admire about F1, is that within the teams there is a central core of knowledgeable tech types that know clearly and precisely .... you set up this regulation and THIS will be the result. Yep .... and they're usually right.
It will always be a development race and development costs money.
You want to cut costs, simplify. You want to make the poor teams better off, redistribute the proceeds better.
We currently have 3 successful rich teams, a couple of over-performing mid budget teams and some bottom feeders. This won't change by standardizing a few components. Time to shake thing$ up."

Rating: Positive (1) Rate comment: Positive | NegativeReport this comment

9. Posted by Daydah, 10/08/2017 17:13

"I suspect that the money saved on standard components would simply go into other areas of the car. Money will always gain an advantage at whatever level of the sport."

Rating: Positive (2) Rate comment: Positive | NegativeReport this comment

10. Posted by ryanhellyer, 10/08/2017 13:56

"Standardised gearboxes would be a good start IMHO. They're all basically the same anyway."

Rating: Positive (1) Rate comment: Positive | NegativeReport this comment

11. Posted by Rhaycen, 10/08/2017 12:05

"It is significantly less costly to run 22 engines that only last 300 miles than to make 4 engines that have to work all season.

One is just an increase in material cost, the other is a huge engineering challenge. Also not having hugely complicated hybrid engines would likely reduce costs by quite a bit.

We don't need to turn F1 into Indy to reduce cost, we just need to actually do things that reduce cost."

Rating: Positive (1) Rate comment: Positive | NegativeReport this comment

F1 looking to standardise components

LATEST NEWS

RELATED ARTICLES

LATEST IMAGES

POST A COMMENT

Post your comment

READERS COMMENTS

Share this page