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Teams agree on engine freeze
Teams agree to freeze on engine development thereby giving green light to Red Bull's bid to purchase Honda's IPO. Though the exact details are not yet known, today's meeting of the F1 Commission saw the teams agree to a freeze on development of the current power unit until the introduction of the next formula in 2025 or 2026. While the freeze was originally due to begin at the end of 2023, it has now been brought forward to the start of next season in line with the introduction of a raft of new regulations aimed at levelling the playing field. The move means that Red Bull can now go ahead with its plan to purchase the IPO to Honda's programme following the Japanese manufacturer's decision...
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