The FIA has proposed further cost cutting measures for 2010 that would allow Formula One teams to compete for €50 million.
That figure is less than a quarter of the amount some teams were spending last season.
“Our target would be to get the cost (of competing) down to €50 million for everyone, including the manufacturer teams,” an FIA spokesman said on Wednesday.
A ‘Cost Containment Policy - White Paper’ document was sent to teams in December containing the new proposals.
They go far beyond what was agreed between the FIA and the Formula One Teams’ Association last December, after Honda announced they were withdrawing due to the global financial crisis.
The move comes as FIA looks to continue slashing costs at a time when auto manufacturers are bearing a heavy brunt from the economic downturn.
The paper calls for the KERS energy recovery system to be used by all teams, as well as standardized parts such as gearboxes, braking systems, suspensions and wheels. Manufacturers would also be obliged to supply technology to independent teams at a capped price should it wish to develop its own systems.
The measures outlined aimed to make it possible for a team to be competitive enough to win the title on a budget of 50m euros (£44.5m) while giving minimal advantage to any rival spending more than 100m euros (£99m).
The 50m euro (£44.5m) target would be tiny compared to mostcurrent team budgets, with some manufacturers such as now-departed Honda estimated to have spent more than $300m (£267m) last season.
The FIA and the Formula One Teams Association (FOTA) have already agreed a package of cost-cutting measures for 2009, focusing on longer-lasting engines, limits on aerodynamic development and a ban on testing during the season.
FOTA has also said independent teams can count on a five million euro engine supply from 2010 with the gearbox, due to last for six races, costing a further 1.5m euros (£1.3m) per season.
FOTA, which met in London on Tuesday, has agreed to work on further cost reductions but is keen to maintain competition and innovation.
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