FIA bans F1 Engine Development for 10 Years
Well this is unexpected. From Jalopnik:
FIA has just announced a 10-year ban on engine development in Formula One. Teams will have to submit an engine to FIA by March 31, 2008, which they will then have to use through 2017. Speaking about the decision, FIA President Max Mosley said, "There is no need to develop an F1 engine any further. The engine runs at 19,000 rpm, which is far faster than any comparable engine. It sounds good, it's reliable and amazingly the six partially frozen engines of the current manufacturers are really evenly matched."
I don't know what to think. This will save teams tons of engine development money but they may just use that money in other places. Mind you, just a few days ago the FIA also announced that the use of air tunnels would be limited in 2008. F1 is slowly being transformed into a more level playing field - against the wills of the larger teams and to the benefit of smaller teams.