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Ferrari defends F1 engine supply cost-cap veto

Ferrari insists its decision to veto plans for Formula 1 to introduce a cost-cap on engine prices was not aimed at hurting the smaller outfits. A plan agreed by teams and the FIA to introduce a price ceiling on engines has had to be canned because Ferrari exercised a long-held veto it has on the introduction of new rules. It was a move that has prompted the FIA to begin evaluating plans for an independent supplier to provide a standard cheap engine. Speaking at the Mexican Grand Prix, Ferrari team principal Maurizio Arrivabene said that the only motivation for exercising the veto in this case was to protect its commercial interests, because it would dramatically cuts the profit it gets from...
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