Dec 22, 2005, 8:02 GMT
Hamburg - Formula One teams competing in 2008 will face further cost-cutting measures from the ruling motorsport body FIA such as a radical reduction of technical developments, the Frankfurter Allgemeine Zeitung (FAZ) daily in Germany reported.
The FAZ, in a report made available ahead of Thursday's publication, said that teams can not spend more than 100 million dollars per season - far less than the 400 million dollars the Toyota team allegedly doled out in the 2005 season.
The report said that the FIA plans to publish the new rules from 2008 onwards on Thursday.
'The teams which sign to compete in the Formula One world championship 2008 can request a few changes. But there won't be any fundamental modifications,' FIA boss Max Mosley told the FAZ.
The report said that Ferrari are the only team which objects to the changes.
F1 teams must already further cut costs in the 2006 season. An engine must last two instead of one race weekends and the engines are reduced to 2.4 litres and eight cylinders.
By 2008, the FIA wants an engine to be used in three races, expensive components are to be outlawed and the test drives cut as well. Electronics in the cars are to be standardised just like the tyres.
'The future of Formula One does not depend on who governs it or how much money is dished out to the teams, but how we can deal with the costs,' Mosley said.
'It must be our aim to give privately owned teams a chance against the car manufacturers. Of those, two or three are ready to spend unlimited funds.'
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