The teams and manufacturers have agreed to drop the controversial 'green' engine formula which was set to be introduced in 2013. The compromise will see the cars powered by 1.6 liter V6 turbocharged engines in 2014, rather than the four-cylinders proposed earlier. The plan was outlined at an F1 commission meeting held in Heathrow.

It's thought the sports stakeholders have come to a unanimous agreement, therefore securing the future of all current suppliers, including Renault, despite their interest in the four-cylinder formula. A fax vote will now take place amongst members of the FIA and World Motor Sport Council with a definite decision expected to be announced in early July. The compromise is expected to appease the opposing teams, as it offers a compromise between the two layouts. In the earlier proposal, the regulations called for the replacement of today