Format of Formula One racing under the spotlight
Representatives of all ten Formula One racing teams meet with the FIA in Monaco today (Tuesday) to discuss a host of proposed changes that could radically alter the nature of the sport from 2008.
The proposals have been put forward by Formula One racings governing body with the aims of improving the racing spectacle of the sport, putting a greater emphasis on driver skill by eliminating electronic aids, reducing the costs of running a team and encouraging new teams to enter to achieve a full grid of 24 cars.
Among the initiatives suggested by the FIA to achieve these goals is smaller, 2.4 litre V8 engines, designed to last two rather than one race meeting, coupled with strictly manual gearboxes. A move to a single tyre supplier and a ban on spare cars has also been suggested. (Click here for full details on the proposals).
The scope of the proposals is huge and exactly who is likely to be for and against them has been the subject of intense media speculation. Some clues to the reality of the situation should emerge this afternoon when FIA President Max Mosley briefs the press in Monte Carlo.
However, given the huge number or parties with an interest in Formula One racing, negotiations may not be straightforward and even this initial meeting could carry over into Wednesday morning. Ultimately, the FIAs stated aim is to have finalised proposals agreed and ready to present to the World Motorsport Council on June 30, 2004, to then take effect on January 1, 2008.