F1 Cost Cutting Measures

The F1 governing body (FIA) is worried about the rising costs of running an F1 team, especially during an economic environment like the one we have now. If another team goes under the grid will be down to 18 cars, which will be a shadow of the 26 cars the grids use to have in the early 1990's. Simply put the show will be in serious jeopardy if one or two teams fail.

So they're proposing all sorts of radical changes during the upcoming few seasons. If every proposal goes through, by the end of it the teams will be buying mostly spec parts and cars to race with.

While the FIA idea that the cost of running a team should be close to the amount of revenue it brings in from its share of the TV broadcast money makes sense, mandating and enforcing that is going to be very difficult.

They're basically proposing standard engines for 2013, as well as standard wheels, brakes, and suspensions in addition to the standard tires already used.

Pretty soon the cars could be a lot like the GP2 cars. The racing will be closer and the drivers more experienced so it should be exciting to watch, which is the most important thing. But then it wouldn't really be Formula 1 with teams building their own cars as now. Here's a link to the supposedly leaked letter:

http://www.formula1blog.com/?p=2393