Ferrari exercised their veto on a cost cap for engines and gearboxes. Picture: AP
Formula 1’s governing body the FIA has announced that Ferrari exercised their veto on a cost cap for engines and gearboxes.
Despite taking the unusual step of revealing that Ferrari were the only team to block the proposal, the FIA said it will not challenge the Italian team’s veto.
Instead they plan to speak to the sport’s stakeholders about introducing a cheaper, alternative engine to those already supplied by Mercedes, Ferrari, Renault and Honda, to be made available in 2017.
