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FIA confirms agreement on new F1 engine regulations

The FIA, Formula One's governing body, had today announced that, in agreement with the sport's current 4 power unit manufacturers, and with the support of the Commercial Rights Holder, a global agreement on power units has been reached for the 2017-2020 period. The statement reads 'The agreement has been approved by all levels of the F1 governance structure, including the World Motor Sport Council, and will now be included as Technical and Sporting regulations for the 2017 and 2018 FIA Formula One World Championship. 'The global agreement on power units covers four key areas relating to the cost and supply price, obligation to supply, performance convergence and the sound of the power...
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