In the round-up: Engine manufacturers not currently involved in Formula One have responded positively to the proposed change in power unit regulations from 2021.
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Proposed new Formula One engine rules backed by Ilmor and Cosworth (BBC)
"The current regulation is beyond any new entrant, technically and for the commercial investment it requires. The new proposal makes it possible for an independent or existing car company."
Haas boss backs 2021 F1 engine concept (Autosport)
"I think they've thrown out a good concept to start off with. Now the details can be worked out by the technical people."
Liberty doesn’t want to standardise F1 - Bratches (Racer)
"We're not trying to get this to a circumstance where everybody has to have the same engine or the same livery. That's not where we're going, but we just want to bring the back of the grid up to the front of the grid a little closer."
Budget cap, not prize money, the focus of key F1 meeting (Motorsport)
"Sources with good knowledge of the situation have revealed that the prize money issue has not been tabled for discussion, and instead the focus of the meeting will instead revolve around plans for a budget cap."
Ecclestone sceptical about the impact of any Formula One budget cap (Reuters)
"Most of the people down the field, if there was a budget cap, probably wouldn’t do any better than they are doing now."
Lewis Hamilton avoided taxes on £16.5m jet using Isle of Man scheme (The Guardian)
"The entire scheme seems abusive to me. Using a leasing scheme as such is not abusive. However, if you take other elements into consideration, such as the absence in motive of setting up those companies, the fact those companies do not seem to have any substance, all that is likely to lead the court to consider that the scheme is abusive."
If Lewis Hamilton wants to strike a patriotic pose, he should look at where he pays his tax (Prospect)
"That gives Hamilton a tax bill of £15,015,750, leaving him with a net income of £18,389,250. True, £18m isn’t £30m - but it would still put him in the top 0.001 of British earners."
Horner talks exclusively to Motorsport (Motorsport)
"I came back from the meeting in Paris and I have to say I was very encouraged with what I saw. For once the FIA and FOM were absolutely aligned in what their vision of an engine is for the future."
2018 Formula 1 in Baku: expenses fall, revenues grow (Azer News)
"The F1 pit building has not been dismantled, safety barriers remain in place, many structures have already been purchased, and there is no need to re-acquire them,” she noted. “In some areas, the asphalt cover has not been removed."
Valerie Plante defeats Denis Coderre to become first woman elected mayor of Montreal (The Globe and Mail)
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