F1: Important meeting at Monte Carlo

Discussion in 'Motorsports' started by ajzahn, Dec 10, 2008.

  1. Maranello, 9th December - Tomorrow afternoon an important meeting with representatives from FOTA and FIA will be held in Monte Carlo. On the agenda: analysing the proposals from the teams, which were voted for unanimously at the last FOTA meeting in London on 4th December. These proposals are several measures to significantly cut costs as of the 2009 season, a very delicate year for Formula One, considering what's happening around the world, while these proposals outline very precisely how to further cut costs in the years 2010 and 2011.

    Ferrari is satisfied with the harmonious relationship between the teams, which is fundamental for reaching an agreement as far as issues of this nature are concerned, whilst keeping intact the distinctiveness of a sport such as Formula 1, which has to remain a technological and sporty competition between its participants. Therefore the concerns, expressed by the Company's administrative board during its meeting last week, are reduced.
     
  2. yes, and????
     
  3. It's a copied and pasted article from ajzahn. This should be nothing new to you.
     
  4. Cost-cutting plan agreed for F1

    Costs have become a major issue for F1

    Formula One's teams and governing body the International Automobile Federation (FIA) have agreed key cost-cutting measures for the next two seasons.

    The packages come after Japanese manufacturer Honda pulled out of F1.

    The Formula One Teams Association (FOTA) said as well as a package for 2010, an agreement for a cost-cutting plan for 2009 had also been reached.

    The details will be released on Friday after it has been approved by the FIA's World Motor Sport Council.

    "Agreement was reached on measures to meet all the objectives originally put forward by the FIA for 2010 and thereafter," said the FIA in a statement.

    "In addition to which FOTA have now made proposals for very significant cost saving in 2009, while maintaining Formula One at the pinnacle of motor sport and reinforcing its appeal."

    Ferrari and Fota president Luca di Montezemolo added in the statement: "The unity of the teams was fundamental to meeting the goals for a new F1, but with the same DNA, as requested by the FIA."

    FIA chief Max Mosley had wanted the teams to use a standard engine and gearbox from 2010 to help cut their costs by up to 80%.

    While FOTA is committed to dramatically cutting the operating costs of the teams, it was opposed to the idea of one manufacturer, Cosworth, providing a standard engine for all the teams.

    A complete "powertrain" - with an engine supplied by Cosworth and gearbox from Xtrac and Ricardo - would cost the teams an initial up-front payment of £1.68m.

    The teams could build their own engines to the same specification as the Cosworth, or continue to use their existing units, but on a par in terms of performance.

    That would be followed by a fee of £5.4m per season over the three years of the agreement, running from 2010 through to 2012.

    Such a figure is around 10% of what teams have spent on engines in recent years.

    Ferrari and Toyota have previously threatened to quit the sport if a standard engine was to be introduced.

    Yet all the teams are committed to dramatically reducing their operating costs, particularly in the light of Honda's pull-out. (BBC)
     
  5. FIA and FOTA meeting

    Monaco, 10 December, 2008

    FIA and FOTA have had the most successful meeting on Formula One matters which any of the participants can remember. Agreement was reached on measures to meet all the objectives originally put forward by the FIA for 2010 and thereafter in addition to which FOTA have now made proposals for very significant cost saving in 2009 while maintaining Formula One at the pinnacle of motor sport and reinforcing its appeal. These proposals will be put to the FIA WMSC on Friday following which full details will be released. FIA President Max Mosley said, "I am delighted with the outcome of this meeting." FOTA President Luca di Montezemolo said, "The unity of the teams was fundamental to meeting the goals for a new Formula One, but with the same DNA, as requested by the FIA." (Ferrari)
     
  6. FOTA: A satisfied President Montezemolo

    Maranello, 11th December - After yesterday's meeting at Monte Carlo with FIA President Max Mosley and the team principals of all Formula One teams, lead by FOA President Luca di Montezemolo, the latter made the following statement:

    "I am very glad about the climate of enormous collaboration at the meeting. There is a common sense of the difficult moment of our sport. Yesterday we could see the great responsibility of all the participants. The world-wide economical crisis and the enormous increase of costs in Formula One over the last years lead the FIA and its President to give a strong and right impulse to cut costs as of 2010 to get our sport back into acceptable economical dimensions, so all teams will be able to participate. The answer we could find was beyond our all expectations. The extreme compactness, never seen before, and all the participant's passion for this sport brought the FOTA members to go beyond the requests made by President Mosley, taking into account courageous proposals, while voting unanimously for a substantial reduction of costs already as of 2009, which will be the most difficult year for the world economy."

    "The proposals presented to President Mosley, with Formula One's DNA in mind - made of technology and sportiness - will enable us to drastically cut costs as of the upcoming season to have a complete new Formula One in the year 2012, projected into the future, distinguishing itself by an innovative spirit and great attention as far as the environment is concerned, but on economic levels as in the 90s, while maintaining the fascinating challenges, which is one of the factors why this sport is one of the most popular sports in the world."

    "President Mosley appreciated our proposals, which will be examined tomorrow by the FIA World Motor Sport Council. We, as FOTA, will continue our work also in other areas, such as the race weekend format, and we want to determine the details for the upcoming years, bearing in mind the observations expressed by Mosley yesterday. I am extremely proud of the work FOTA has done so far; an association, which didn't exist until last September and which united the teams, going beyond their rivalry, the salt of racing, but which could have been an obstacle on the way redesigning the future of Formula One. There is still much left to do, also because when we have a look at the economic side of the companies and not only the ones of the F1 teams, we have to consider the costs but also the earnings. In this sense yesterday we managed to agree with the FIA on the necessity to organize a meeting with FOM to discuss the earnings of the Formula One teams."
     
  7. Hamilton not expecting standard F1 engines

    Lewis Hamilton says he does not expect Formula One to introduce a standard engine as part of plans to cut costs.

    F1's governing body the FIA has agreed with the teams a plan to cut costs over the next two seasons but the details have not yet been revealed.

    World champion Hamilton told BBC Sport: "I don't think that (a standard engine) is ever going to happen.
    I can't see that happening simply because the manufacturers play such a huge role in the sport "

    At a meeting in Monaco on Wednesday, the Formula One Teams Association (Fota) and the FIA brokered a landmark deal to save money over the next two seasons.

    The agreement came five days after Japanese manufacturer Honda pulled out of F1 because of the pressures of the global economic crisis.

    The exact details of the plan will be released on Friday after it has been approved by the FIA's World Motor Sport Council.

    FIA president Max Mosley had wanted the teams to use a standard engine and gearbox from 2010 to help cut their costs by up to 80%.

    While Fota is committed to dramatically cutting the operating costs of the teams, it was opposed to Mosley's plan for standard engines.

    Hamilton believes the introduction of a single engine would make the sport, "less exciting".

    But the 23-year-old Englishman said he agreed with the need to cut the sport's escalating costs to counter the effects of the global credit crunch.

    "The world is struggling but they are always taking the right actions to make the sport cheaper" he added.

    Hakkinen pauses for thought

    "But every time they introduce something new, it costs more money so it's about having a balance.
    They are doing the best job they can to be more cost effective - and I'm supportive of that."

    After winning the 2008 world title by a single point in a dramatic final race in Brazil, Hamilton says he has now turned his attention to defending his crown.

    The McLaren driver is not taking part in this week's final test of 2008 in Jerez but insists he has plenty of work to do before the season opener in Melbourne on 29 March.

    "The team is in the process of designing and building the new car and my work is to start training again," stated Hamilton.
    "I'm definitely focusing on next season. There is less pressure but I'd love to win the title again.
    If you come off a season where you are the champion of course you have the confidence and you are on a high.
    But you can never be too confident or too comfortable - you have to come back down to earth and reset your goals.
    I'm not going in saying I'm the world champion and it's going to be easy. I have to start again as if I've just come into the sport." (BBC)
     
  8. #8 mclaren777, Dec 13, 2008
    Last edited by a moderator: Apr 25, 2016
  9. I read somewhere that refueling will be banned in 2010. Stupidest #$%#ing idea ever if it were to happen.
     
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  11. Did you bother reading the link above your post?
     
  12. Some of the best championships in the history of F1 happened when refueling wasn't permited.
     
  13. well, that isn't something new. It's actually awesome
     
  14. While it may be fashionable to call every proposal of the FIA retarded, I don't think banning refuelling will be a bad idea.
     

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