Monaco Grand Prix – The FIA have announced that a recommendation to not appoint a single supplier of gearboxes has been upheld.
As part of the attempts to reduce costs for Formula 1 from 2021, the FIA launched a tender process during pre-season testing in Barcelona. They accepted submissions for the tender of the supply of a single gearbox supply from 2021.
However, despite receiving several tenders, the World Motor Sport Council has announced that this move will no longer go ahead after detailed analysis of the tenders by the FIA’s Technical Department.
According to FIA documents, the decision has been made following consideration of technical and financial information from the teams and gearbox suppliers. It’s believed that the introduction of a single supplier would not have significantly reduced costs, and that gearbox technology has ‘largely converged’, meaning an upper ceiling on performance with little differentiation between the suppliers.
On the financial side, a number of teams running different business models, meaning a mixture of factory and customer teams, handed over financial documentation showing that significant savings would not be made as a result of the planned change. The FIA say that this analysis has shown that similar financial savings can be made through other means and that these methods will be trashed out with the teams.
How exactly the FIA will proceed with the changes is set to be announced as part of the new regulations and rule changes planned for 2021, with these changes scheduled to be revealed at the end of June.