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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 488 GTB rocks throwback '80s livery in Paris

We have a soft spot for retro racing liveries – especially when they're applied to road-legal supercars. Like a Porsche 918 Spyder with Martini racing stripes, a Ford GT in Gulf blue and orange, or this latest Ferrari 488 GTB unveiled in Paris. The Tailor Made department in Maranello prepared this one-of-a-kind 488 in tribute to the 308 GTB that Jean Claude Andruet drove to victory twice in the Tour de France Automobile – in 1981 and '82 – only a few years before the event was discontinued. It was one of the most iconic of Ferrari racing liveries (aside from the classic rosso corsa of course) and is beautifully reinterpreted for that car's modern successor. The unique treatment includes a French racing blue and white exterior with Pioneer sponsorship, matte gold wheels, and matte black brake calipers. The interior looks as stripped-out as the 458 Speciale's and features red fabric seats with matte-finish aluminum and carbon-fiber trim. Commissioned by Charles Pozzi, the same Paris dealer that campaigned the original decades ago, the turbocharged retro smurf was unveiled yesterday at the Grand Palais. It marked the start of the Tour Auto Optic 2000, a French rally. This content is hosted by a third party. To view it, please update your privacy preferences. Manage Settings. The GTC4Lusso makes its French premiere at the Grand Palais The 488 GTB Tailor Made Pioneer also unveiled for the first time Paris, 18th April 2016 – What better setting than the Grand Palais in Paris for the GTC4Lusso, Ferrari's latest creation, to make its debut on French soil? The new Prancing horse V12 four-seater, four wheel drive with rear-wheel steering, was a magnet for the over 200 journalists who attended the premiere this afternoon on the opening day of the Tour Auto Optic 2000 rally. The GTC4Lusso will be also the star attraction at a gala cocktail in the evening for over four hundred guests who will have the opportunity to see this superb example of a unique mix of benchmark sports car performance, all-weather versatility and sublime elegance. This very important "rendez-vous" is also the occasion for Ferrari to present a unique version of its 488 GTB. In association with its Parisian dealer Charles Pozzi, the very exclusive Tailor Made program imagined a car which pays homage to the 308 Gr4 Pioneer driven by Jean Claude Andruet and two times winner of the Tour de France Auto in 1981 and 1982.

Daytona decision reversed, Level 5 Motorsports reinstated as class winners [w/video]

After its first ever race at the Rolex 24 at Daytona, we can already tell that there should be plenty of excitement in the newly formed United SportsCar Racing series. Of the four competing classes, three of the winners came down to close last-lap performances, but perhaps none were as close - or controversial - as the GT Daytona (GTD) winner. Spoiler alert.
Midway through the infield portion of the Daytona International Speedway, the Level 5 Motorsports No. 555 Ferrari 458 Italia was trying to hold onto its first-place position over the Flying Lizard Motorsports No. 45 Audi R8. The R8 took an aggressive line trying to pass the Ferrari, and it ended up running out of track and driving off the course momentarily. International Motor Sports Association (IMSA) officials originally thought there was avoidable contact on the Ferrari's part and penalized the team accordingly, which meant Flying Lizard was the class winner. After watching the video replay, though, it was clear that there was no contact between the two cars. Officials overturned the ruling, rightfully giving the Level 5 Motorsports team the Rolex win.
A brief statement from IMSA is posted below regarding the matter, and we've also included a full video recap of the race from FOX Sports where you can see this GTD incident starting at the 2:30 mark.