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Newey: Formula 1 has become a spending frenzy

Moves to open up engine development in 2017 will trigger a Formula One 'spending frenzy' likely to increase the dominance of champions Mercedes and Ferrari, Red Bull technical head Adrian Newey has warned. 'More spending, simple as that,' he told Reuters when asked about the consequences of plans to scrap the current power unit ‘token' system and allow unrestricted development. The change, confirmed last week by Renault Sport managing director Cyril Abiteboul, is part of a deal agreed with the manufacturers to provide privately-owned teams with far cheaper engines. Formula One switched from V8s to a complex and costly V6 turbo hybrid power unit in 2014 and it soon became apparent...
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