I put this in another thread, but I thought it might deserve its own. Here's the 2002 release on the IRL's 2003-2005 engine program. Their description of the program, and the realities are an interesting comparison.
(They actually do the math showing how that will be the maximum cost in 2005. Today, they're saying that hitting that number in 2007 would be a 50% reduction from 2005!)
And then it gets wrapped up with this
The Program is designed to ensure the availability of competitive equipment, and thereby prevent one or two teams from having equipment which is unavailable to the other competitors.
Three Year Average Annual Gross Cost: $1,065,000
And then it gets wrapped up with this
The 2003 Racing Season will reflect the continued growth of the Indy Racing League as it welcomes to the "stable" of engine manufacturers Toyota and Honda, two of the largest companies in the World, each with extensive racing experience, to complement Chevrolet and its rich racing heritage. Toyota and Honda have embraced the Indy Racing League philosophies of equipment availability, cost control and economic value, and will compete with Chevrolet on the race track under the Indy Racing League rules of competition. The competition will be fierce, but fair, and the competition among these three high caliber, committed competitors presents even more opportunities for the Indy Racing League and its race teams

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