ESPN.com · Apr 6, 2018
Liberty Media maps out plans for F1's future
SAKHIR, Bahrain -- Formula One has outlined its vision for the sport's future rules and governance following a meeting with teams ahead of the Bahrain Grand Prix.
With commercial and engine agreements set to expire at the end of 2020, there is increasing pressure to define the details of the regulations from 2021 onwards. The meeting in the Bahrain paddock was held to flesh out some of those details for the benefit of the teams and a document with broader strokes was issued to the media.
The key areas for change were split into five "strategic initiatives" listed below:
Power units (PU)
• The PU must be cheaper, simpler, louder, have more power and reduce the necessity of grid penalties.