The engines of future must be ‘louder, cheaper, better’ than the existing power units according to F1 boss Chase Carey. This will go a long way in improving the sport and the teams’ profitability.
The existing power units have created a huge gap between the manufacturers and this has been bad for the sport according to Carey. He also acknowledged Mercedes for taking the lead in the development of the engines.
Speaking with Auto Bild he said, “Hats off to Mercedes, who mastered what we have now. But the difference in performance is too great.
“So we want to simplify things with the motto: louder, cheaper, better.”
Carey believes the current budgets cannot be sustained for long and is bad for completion. Cheaper engines will help in bringing the costs under control.
“There are teams that spend $500 million a year right now, while for others it’s $100 million. This hinders and distorts the competition.
“The goal must be that the teams can earn money with the sport. Nowadays no team makes a profit.
“Do not get me wrong: we don’t want to slow the technology down. Formula 1 will remain a laboratory for manufacturers – but at the same time a sport.”
It looks like F1 boss heard out Christian Horner’s request. Horner has been a vocal advocate of engine rules changes for 2021 and has been asking F1 to bring in more manufacturers so they can get engines with “Good sound” and in under $10 Million.