F1's new engine ushered in a year early?

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Formula 1 is hard at work defining the sport's future engine beyond 2020, but reports are suggesting that a new engine could be introduced a year early.

Formula 1's current Concorde Agreement which defines the terms and conditions which the teams and the sport's commercial rights holder, will expire at the end of 2020, bringing a new - and hopefully prosperous - dawn on Grand Prix racing.

But Germany's Bild is reporting that if all engaged parties agree, a new engine could power F1 earlier than expected.

"The FIA, teams and manufacturers could agree to bring in the new engine from the 2020 season," wrote Bild.

Unsurprisingly, Red Bull's Helmut Marko says he is open to the idea, but reiterates the need for the new rules to encourage the involvement of independent engine suppliers.

Cosworth and Aston Martin sit in on engine working group meeting

"We want that too," said the Austrian.

"The new regulations should also stipulate that an independent engine is both competitive and affordable. The dependency we have now is not acceptable to us.

"Liberty Media is doing everything to ensure that it happens, with initial financial support as well.

"If we have alternatives for the engines in the future and we can choose with whom we cooperate, our exit from Formula 1 will be off the table," Marko added.

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Phillip van Osten

Motor racing was a backdrop from the outset in Phillip van Osten's life. Born in Southern California, Phillip grew up with the sights and sounds of fast cars thanks to his father, Dick van Osten, an editor and writer for Auto Speed and Sport and Motor Trend. Phillip's passion for racing grew even more when his family moved to Europe and he became acquainted with the extraordinary world of Grand Prix racing. He was an early contributor to the monthly French F1i Magazine, often providing a historic or business perspective on Formula 1's affairs. In 2012, he co-authored along with fellow journalist Pierre Van Vliet the English-language adaptation of a limited edition book devoted to the great Belgian driver Jacky Ickx. He also authored "The American Legacy in Formula 1", a book which recounts the trials and tribulations of American drivers in Grand Prix racing. Phillip is also a commentator for Belgian broadcaster Be.TV for the US Indycar series.