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"         The FIA is pushing for major technical changes to lower the operating costs in Formula 1, including the likely standardization of many components such as suspensions and transmissions; even a spec KERS system or dispensing with the technology entirely. The world motorsports&amp;#039; governing body is also calling for a salary cap for F1 teams, based on the model proven so effective by the National Football League (NFL) and National Basketball Association (NBA).   The European-based FIA World Touring Car Championship (WTCC) \u2014 in which the leading manufacturers include BMW, Chevrolet and Seat \u2014 has introduced a plan to have all cars use a spec gasoline-burning, 1.6-liter turbocharged 4-cylinder engine (see accompanying Trackside item) starting with the 2011 season in an effort to cut costs, thus helping to secure the series&amp;#039; future (of note, Seat is the sole manufacturer running a diesel). So far, only Chevrolet has said it will participate in the series in 2011, but even this commitment has come into question with GM&amp;#039;s bankruptcy filing.   The World Rally Championship (WRC) is also favoring the adoption of this spec turbo-4-cylinder as well in an effort to lower expenditures.   Closer to home, after years of growth, NASCAR is experiencing some financial turbulence with GM&amp;#039;s withdrawal of all financial support \u2014 cash, along with free engines and parts \u2014 from virtually all of the bowtie-badged cars and trucks competing in the Nationwide and Camping World Series following the company&amp;#039;s bankruptcy in June. GM is also reviewing its support of teams in the top-tier Sprint Cup series, with budget cuts likely. Chrysler, having declared bankruptcy in April, has also cut its financial backing of the Dodge teams in the Sprint Cup, resulting in layoffs and salary cuts at Richard Petty Motorsports. "^^<http://www.w3.org/2001/XMLSchema#string>
<http://www.roadandtrack.com/motorsports/news/a15112/motorsports-feeling-the-economic-pinch/>