Harsh times for Formula 1

The Federation Internationale de l’Automobile (FIA) plans radical cost-cutting measures in Formula 1, over the next five years, with the purpose of avoiding the loss of this competition. According to some documents published by the British daily newspaper The Times, Max Mosley, the president of the FIA, has convoked for the next week the top ten teams in Geneva. It bill be brought into discussion the introducing of new technical regulations, less expensive, related to the engine and chassis design. The proposal consists that from the beginning of 2010 to be introduced standard engines, or that the engines to be produced by a single supplier. Another alternative would be that starting with 2013, the engines and gearboxes to have smaller capacities and to be available at minimum prices for the independent teams. FIA has confirmed that it has distributed to the teams the agenda of discussions and the position paper, but refused to give any of the details in advance.