Formula 1 aims to have new engine regulations for 2021 drawn up by the end of June after a meeting with teams at the Monaco Grand Prix. Commercial rights holders Liberty Media and the governing FIA sat down with teams for an update on future plans and Mercedes F1 boss Toto Wolff told reporters progress had been made in some areas. 'I think on the engine regulations we are pretty close on being able to tick the box,' said the Austrian when asked what had transpired from Friday's meeting in the Mediterranean principality. 'The only major thing which we need to solve is that we are still spending a lot on engine development and what we need to avoid is double spending over the next years,...
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