Get 40% Off
👀 👁 🧿 All eyes on Biogen, up +4,56% after posting earnings. Our AI picked it in March 2024.
Which stocks will surge next?
Unlock AI-picked Stocks

F1 refueling return depends on cost, says Wolff

Published 05/16/2015, 04:18 AM
Updated 05/16/2015, 04:23 AM
© Reuters. Mercedes motorsport head Toto Wolff smiles in the garage during the second practice session of the Abu Dhabi F1 Grand Prix at the Yas Marina circuit in Abu Dhabi

By Alan Baldwin

LONDON (Reuters) - The proposed return of refueling to Formula One in 2017 will only happen if it is affordable, according to Mercedes motorsport head Toto Wolff.

The move, announced by the governing International Automobile Federation (FIA) on Friday, has received a mixed reaction.

Some observers have questioned why something banned for cost reasons in 2010 was being reintroduced at a time when smaller teams are again feeling the pinch and seeking savings.

"Refueling was banned because of cost and because the pit stops were taking too long," Wolff told the BBC.

"But we want to re-explore it and see if we can make pit stops for fuel and tires happen in the same time it takes to change the tires now -- two to three seconds," added the Austrian.

"We have agreed to explore this avenue and the cost involved because it could be spectacular. If it's too expensive, we won't do it."

The main cost of refueling involves transporting heavy equipment around the world and the extra personnel required to handle it.

There are also safety considerations in pumping fuel into cars in a crowded pit lane in a matter of seconds, with the risk of flare-ups.

The Formula One Strategy Group, which includes the six top teams and FIA and Bernie Ecclestone's Formula One Management, also agreed other measures that will now go to the next stage of consideration.

They include making cars lighter, louder and considerably faster -- "the fastest car on the planet" according to Wolff -- as well as more aggressive-looking.

3rd party Ad. Not an offer or recommendation by Investing.com. See disclosure here or remove ads .

The FIA's Formula One commission, which includes all stakeholders, and the FIA's supreme body the World Motor Sport Council, must still approve the proposals.

"We have agreed to increase the width of the cars and tires, and have larger front and rear wings. We want to ban the driver-aid aspect of starts, so no pre-calibrated starts and have the drivers start using hand clutches," Wolff said of 2017 suggestions.

"For now, it will be an evolution of the current cars. But there is an appetite for more spectacular aero kit.

"We want to follow this up but at the moment we will go for evolution and that gives us six months to agree on a more spectacular design."

Latest comments

Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.
© 2007-2024 - Fusion Media Limited. All Rights Reserved.