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http://news.bbc.co.uk/sport1/hi/motorsport/formula_one/7718682.stm
Quite a big cut, only question on my mind is, why wait till 2011?
Formula One teams have agreed to cut the cost of customer engines by more than £12m from 2011, according to Ferrari chairman Luca di Montezemolo.
The move comes after motorsport boss Max Mosley asked the teams to come up with ways to cut costs in F1.
Montezemolo said that engines sold by manufacturers to teams would be slashed in cost in the future.
We unanimously decided that by 2011 an engine will cost £4m, compared to the £16m plus they used to cost, he said.
The move will be a huge help to the smaller teams as they try to survive in F1.
Quite a big cut, only question on my mind is, why wait till 2011?