The Formula 1 Commission has voted not to pursue the idea of an alternative budget engine at this stage, according to the FIA.The cost of a customer supply, believed to be in the region of 20 million euros ($21.2m), has been a cause of concern since the new 1.6-liter V6...

The proposal of an alternative 'budget' engine will be on the agenda when the Formula 1 Strategy Group meets in Paris on Tuesday.The cost of a customer supply, believed to be in the region of 20 million euros [$21m], has been a cause of concern since the new 1.6-lit V6...

FIA president Jean Todt has expressed "disappointment" at Ferrari for using its right of veto to block a maximum price to customers for the current Formula 1 engines.The FIA announced last week Ferrari had opted against cutting the price of engines to customers, currently standing at around $22 million, to...

Sauber team principal Monisha Kaltenborn believes Formula 1 is heading in the wrong direction by introducing an alternative engine.Following numerous futile attempts to introduce cost costs, and after Ferrari exercised its right of veto to block a maximum price being imposed on the current power units, the FIA this week...