The FIA announced today the regulation changes that it wants to introduce in time for the 2008 Formula One championship.

To reduce costs in Formula One, the FIA is planning to introduce a new set of technical regulations to achieve this goal.

In a statement, the FIA revealed the following information:

It was agreed that the main objectives of the 2008 Formula One Technical Regulations should be to reduce drastically the cost of competing and to change the aerodynamic characteristics of the cars so as to make it easier to overtake without increasing cornering speeds.

Detailed regulations will be finalised in the week commencing 19 December and will include:

*A standard Electronic Control Unit
*Long life engines
*Long life gearboxes
*A single tyre supplier
*Restrictions on the ability of the teams to change their aerodynamics during the season
*Rev-limited engines and other measures

With such a radical approach, the FIA will surely have a lot of feedback from the teams and will probably fuel the Grand Prix Manufacturers Association (GPMA) members’ motivation to create a separate championship series.

Internet Source