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18th
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After months of negociations between the IndyCar Series, the team owners and Dallara, an agreement has been reached to allow a reduction of the price of spare parts.
Dallara has also agreed to re-write portions of its supply contracts that will officialised an estimated 14% reduction in prices as well as a 15-month freeze of that rate.
Some of the owners were not pleased with the outcome, some expecting that the estimated $50,000 to $60,000 in annual savings is a smaller sum than they desired, but in the end achieving closure on this hotly debated topic is in the best interest of all involved.
Dennis Reinbold, co-owner of the Panther DRR squad and the owners' appointed representative on the spare parts negotiations was much more philosophical.
“Personally, I'm happy to move on," he confirmed. "We have bigger things we need to focus our attention on. It's never going to be perfect, but it's better than no decision like we had all last year. The in-fighting is hopefully now a thing of the past.”
Dallara has also agreed to re-write portions of its supply contracts that will officialised an estimated 14% reduction in prices as well as a 15-month freeze of that rate.
Some of the owners were not pleased with the outcome, some expecting that the estimated $50,000 to $60,000 in annual savings is a smaller sum than they desired, but in the end achieving closure on this hotly debated topic is in the best interest of all involved.
Dennis Reinbold, co-owner of the Panther DRR squad and the owners' appointed representative on the spare parts negotiations was much more philosophical.
“Personally, I'm happy to move on," he confirmed. "We have bigger things we need to focus our attention on. It's never going to be perfect, but it's better than no decision like we had all last year. The in-fighting is hopefully now a thing of the past.”
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| Photo: LAT for IndyCar |