DETROIT, Mich.–With Formula One (F1) preparing for a new generation of cars and a wider overhaul of the sport in two years’ time, there is an effort afoot to forge cooperation among teams to reduce costs in areas that do not affect competitive advantage.
Earlier this year, an effort to standardize gearboxes was launched, and now two separate initiatives have been started to supply common brake parts and wheel rims.
F1’s Erik Junius, speaking to the official F1 website earlier this year, said: “For example, we want every team to have the same pit equipment,”
Added Junius: “There is a lot of stuff we have common ground on. There is some stuff we all agree shouldn’t change and there’s stuff in the middle being argued about. Everyone makes their own fire extinguishers. It’s a nice technical challenge, but it doesn’t add performance. We can standardise those and help reduce the costs.”
In theory, the FI has until the end of June to finalise the 2021 technical regulations, although there is some discussion among teams about potentially delaying this move until later in the year.
F1 is the highest class of single-seaterauto racing sanctioned by the Fédération Internationale de l’Automobile (FIA) and owned by the Formula One Group. The FIA Formula One World Championship has been one of the premier forms of racing around the world since 1950. A Formula One season consists of a series of races, known as Grands Prix (French for ‘grand prizes’ or ‘great prizes’), which take place worldwide on purpose-built circuits and on public roads.