The current Formula One manufacturers have come to an agreement to reduce the cost of a V6 Hybrid power unit considerably, and ensure that customer teams will not be left without an engine deal. Honda, Mercedes, Renault and Ferrari had until last Friday to submit their proposals to ease the situation for customer teams, and following a F1 Strategy group meeting on Monday, followed by one of the F1 Commission on Tuesday, an agreement has been reached. The manufacturers had been put under pressure by the FIA by writing out a public tender for an alternative engine formula in F1, to which three companies had already expressed their interest in. The aim though, as is usual in Formula One, was...
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