Formula 1 will present its 2021 engine regulations on October 31, according to Germany's Auto Motor und Sport.

F1 sporting manager Ross Brawn has been working full speed this year to define the future of Grand Prix racing.

Brawn put together a group of specialists, which includes engineers and former team personnel, to help create the framework for the sport's 2021 regulation platform.

The former Ferrari strategist and team owner has spent the past months collecting feedback from Strategy Group meetings and from informal talks with all participants of the sport with the emphasis on defining a cost-effective - and louder sounding - power unit platform for F1 and regulations which limit costs.

Formula 1, which has ruled out a return to a straight-forward V8 or V10 engine configuration, will likely retain its current V6 turbo hybrid architecture but with perhaps a less sophisticated hybrid ingredient and the inclusion of standardized parts.

The purpose of the future platform would also be to entice independent engine manufacturers to join the sport as potential suppliers.

Several manufacturers such as Porsche and Aston Martin claim to be open to an involvement in F1, but only if the cost of producing the sport's engine is affordable.

In addition to the speculated October 31 announcement, Auto Motor und Sport says that a budget cap first draft could be revealed on November 7.

The cost cutting plan could be introduced as soon as 2019, and implemented gradually in order to allow teams to adapt to the new measures.

Gallery: The beautiful wives and girlfriends of F1 drivers

Keep up to date with all the F1 news via Facebook and Twitter

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.

Recent Posts

Marko hits back at Horner over explosive Verstappen claim

Christian Horner’s forthcoming autobiography has already reopened old wounds at Red Bull, and Helmut Marko…

36 minutes ago

Wolff confirms Singapore engine penalty nightmare for Russell

Mercedes team principal Toto Wolff has confirmed that George Russell will be consigned to the…

3 hours ago

Brundle says FIA decision to reset Bahrain GP grid ‘smart and fair’

Sky Sports F1’s Martin Brundle has offered an incisive take on the bizarre formation lap…

4 hours ago

Leclerc urges Ferrari to learn from Red Bull's strategy success

Charles Leclerc has urged Ferrari to take a closer look at Red Bull’s race-day execution…

5 hours ago

Singapore setback: Russell set for grid penalty at Marina Bay

George Russell’s championship ambitions have been dealt another following the Mercedes driver’s devastating, late-race power…

21 hours ago

Sainz insists its time for F1 to ‘take a hard look at itself’

Carlos Sainz believes it is time for Formula 1 to take a hard look at…

22 hours ago