FIA sign new Concorde with Formula 1 Group

xThe FIA announced on Friday that it has finally put pen to paper on a new Concorde Agreement with the Formula 1 Group. The agreement reached by the FIA and the Formula 1 Group in August 2014, setting out the framework for implementation of the Concorde Agreement for the period 2015 and onwards has now come into force, following the approval of the respective governing bodies of the signatory parties," a statement on the governing body's website read.

With very few teams entering the 2013 season, which was ended only a few races in, and fans turning their back to the sport, Formula 1 Group understood that something needed to be done. But with no new discussions or decisions made Formula 1 took a sabbatical over 2014 season.

Many racing fans have waited a long time to hear any news about the sport and many started to believe that they would have to live without Formula 1 for a long time to come.

The new agreement is coming together after a protracted period of negotiation and, as the statement says, puts in place a new framework of sporting governance for Formula 1.

FIA President Jean Todt said: "We can be proud of this agreement, which establishes a more effective framework for the governance of the FIA Formula One World Championship. The FIA looks forward to continuing to fulfill its historic role as the guarantor of both regulation and safety in F1 for many years to come."

Ecclestone added: "I am very pleased that the agreement between the FIA and the Formula 1 Group has been concluded".

With the new Concorde a new set of regulations will come. The 2015 season brings with it some of the biggest changes to Formula One racing’s regulations for quite some time.

Power - it’s out with 2.4-litre normally-aspirated V8 engines and in with 1.6-litre V6 turbo engines, revving to a maximum of 15,000rpm. While the old V8s produced more than 750bhp, the 2015 units put out around 600bhp with additional power coming from Energy Recovery Systems (see below).

Gearbox - gearboxes have eight forward ratios - rather than the previous seven - which each team must nominate ahead of the season.

Energy Recovery Systems (ERS) - from 2015, a larger proportion of each car’s power comes from ERS which, together with the engine, makes up the powertrain or power unit. As well as generating energy under braking, ERS units also generate power using waste heat from the engine’s turbocharger. Unlike the previous KERS - which gave drivers an extra 80bhp for just over six seconds per lap - the 2015 ERS gives drivers around 160bhp for approximately 33 seconds per lap. To compensate for the extra power being generated under braking by ERS, teams are allowed to use an electronic rear brake control system.

Fuel - to promote fuel efficiency, from 2015 fuel is limited to 100kg per race. Previously fuel was unlimited, but teams typically used around 160kg per race.

Minimum weight - to compensate for the increased weight of the 2015 powertrain, minimum weight has been increased from the current 642kg to 691kg.

Exhaust - unlike previously where two exhaust tailpipes were used, the 2015 regulations mandate the use of a single tailpipe which must be angled upwards to prevent the exhaust flow being used for aerodynamic effect. Additionally, bodywork is not allowed to be placed behind the tailpipe.

Nose height - for safety reasons the height of noses has been reduced for 2015. The maximum height is 185mm (previously it was 550mm).

Front wing - front wings will be a little narrower from 2015 with the width reduced from 1800mm to 1650mm.

Rear wing - the rear wing also looks a little different for 2015. The previously-legal lower beam wing has been outlawed and the main flap has become slightly shallower in profile. Support pillars, however, are allowed. The DRS slot is also bigger than in 2013.

With the Concorde and new regulations in place we now wait and see which teams will enter the FIA Formula One 2015 Championship and which drivers they will sign. Who is available? Announcements will most likely come pretty soon

Published 2014-08-26 by Kris Locksey | Edit