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The credit crunch might kill off formula 1

With the Formula one world in shock after the announcement that Honda has decided that it wont compete in next years formula one world championships due to budgets cuts, but now the Williams team has said it would welcome the suggestion that teams could be obliged to each run 3 cars in the event that another team should drop out. With Honda;s withdrawal that just leaves 18 cars next season and the Formula one chiefs have said they are contractually obliged to have a minimum of 16 cars start a race. This seems the preferred route other than what was suggestion which was to use the so called “customer cars” which are basically second-hand machines discarded by constructors and then reworked by independent teams. The Toro Rosso STR02, which was used this year, is the only current example, being almost identical to the Red Bull Renault. “There is the scope for teams to put three cars on the grid and if we have eight teams with three cars, that’s 24 cars which is four more than we have had this year,” said Adam Parr, the Williams chief executive officer. “Even if we went to seven teams, we’d have 21 cars. It is far better to have seven or eight constructors than seven or eight constructors and three or four customer teams. Williams would rather compete on equal terms with constructors and take our chances than mess around with customer teams.” “Within the Formula One Teams’ Association [FOTA] we’re working very hard on measures to cut costs, and over the next two years we must achieve cuts of at least 50%,” he said. “Our formula one involvement is built on financially solid foundations and is in large part-financed by our sponsoring partners.” This has led both Williams and Ferrari who have budgets at around $1 million dollars per day during the season to both say that they will cut costs to give the smaller and poorer teams a better chance of operating to a competitive standard. Meanwhile, radical plans for the governing body to adopt a standard engine specification for the 2010 season look likely to be adopted by the FIA at their World Motor Sport Council meeting on Friday. Max Mosley, the FIA president, has given the teams until tomorrow afternoon to agree the option of using a standard-specification Cosworth engine from 2010
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Saturday, March 14, 2009


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