Formula One's freeze on engine development is set to be reduced from 10 years to five.
Budget cap also discussed at Paris meeting
Formula One's freeze on engine development is set to be reduced from 10 years to five after teams agreed the move at a meeting in Paris on Friday
According to
Autosport, the teams met to discuss various proposals, which included reducing the length of the engine development freeze as well as a possible budget cap.
All 11 teams agreed to shorten the current freeze on development while the possibility of a new engine concept was also discussed.
It is thought that the concept, which could be introduced in 2013, would result in a more cost-efficient engine than the current 2.4-litre V8 unit as well being more environmentally friendly.
Budget caps were also looked at, with one suggestion being that the cap should be set around the £80 million mark.
However, while Ferrari agreed that the costs of competing in F1 need to be reduced, the Scuderia were reportedly against the idea of a budget cap.
But despite the apparent lack of consensus, one F1 insider told
Autosport: "It was a very positive and productive meeting."
