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Ferrari vetoes F1 engine supply cost cap

The costs associated with competing in Formula One are enormous. In addressing the problem, the FIA has proposed a number of measures aimed at reducing those expenses. But while most of the teams are apparently on board, one key player has exercised its veto to defeat the initiative. The issue came up at a recent meeting of the Formula One Strategy Group, where the participating parties discussed implementing a global cost ceiling, amending the regulations in order to drive down costs, and increasing the standardization of common parts. However one of the most concrete steps would have seen the FIA institute a maximum price which engine suppliers could charge independent teams for their power units. The issue was put to a vote, which the FIA reports passed with a "large majority." But Ferrari vetoed the measure, exercising the right accorded to it under the governing regulations – a step which the FIA will not contest. With its cost-cap measure defeated, the governing body has confirmed its intent to move ahead with proposals to bring in an outside engine supplier that will provide motivation to independent teams at a lower cost. As we recently reported, the price associated with securing power units from suppliers like Mercedes, Renault, and Ferrari, typically costs teams as much as $30 million per season – a solid two or three times what they cost in the previous V8 era. One of the leading contenders at this early stage to supply those low-cost power units is Cosworth. The British firm has long participated in the championship as an engine supplier, stepping back from the sport only recently. However other companies could enter a bid for the contract as well. A French outfit called PURE run by former BAR-Honda team principal Craig Pollock began development of an engine package back in 2011. BMW and Toyota both supplied V8 engines until a few years ago, while independent outfits like Mecachrome, Mugen, and TAG have also prepared F1 power units based on engines developed by major manufacturers. 26.10.15 FIA FORMULA 1 WORLD CHAMPIONSHIP - COST REDUCTION The FIA has studied cost reduction measures for teams participating in the FIA Formula 1 World Championship which were not conclusive, including: - a global cost ceiling, - a reduction in costs via technical and sporting regulations, - an increased standardisation for parts.

Ferrari considering return to Le Mans racing in 2015

Rumors are swirling that Ferrari may be contemplating a return to Le Mans racing as soon as 2015. Germany's Auto Motor und Sport reports the Italian automaker may apply the development of a new 1.6-liter turbocharged V6 engine for Formula One to an LMP1 car for Le Mans, and have it ready for the 24 Hours of Le Mans in two years. This follows hints made by Scuderia Ferrari CEO Stefano Domenicali last month that the newly developed F1 engine could be used for "some interesting projects."
Ferrari has a history of success in Le Mans racing, though it hasn't won the big endurance outright since 1965. The image above captures the exact moment when the No. 21 car of Masten Gregory and Jochen Rindt crossed the finish line that year to win the race. That win was the last of six consecutive outright victories before the infamous arrival of the Ford GT40 in 1966. Despite never reaching the top of the podium again, Ferrari's nine wins still stand as the third most overall by a manufacturer behind Porsche (16) and Audi (11).
If Ferrari does return to Le Mans in 2015, the LMP1 class will suddenly be teaming with worthy competitors for Audi, which has dominated the race since 2000. After Peugeot's exit from the sport in early 2012, Toyota entered the race in 2012 and has continued to develop its TS030 Hybrid LMP1 car. Porsche, meanwhile, is well into developing a new LMP1 car that will first compete in next year's race.

Pranked angry Ferrari owner says urine trouble now, man!

A good rule to live by is that you should never mess with another man's car, but Roman Atwood learned that you probably shouldn't even pretend with another man's ride... especially when it's a Ferrari 360 Modena. The internet prankster was trying to perform a little handicap parking spot justice by acting as if he were urinating on an Italian supercar that he felt was illegally parked.
Needless to say, the owner of the car was not amused by Atwood's antics, proceeding to shove him, shout obscenities and even yell, "I could buy your whole family." Both men seem like real class acts. Check out the prank-gone-wrong below.