2026 Aston Martin Aramco Formula One Team

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vas_04614
vas_04614
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Re: 2026 Aston Martin Aramco Formula One Team

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From Gemini AI:

Here is the breakdown of how engine changes work in 2026:

1. The General Rule (Freeze): Once the engine is homologated, changes are typically forbidden except for those necessary for reliability, safety, or cost-saving, which must be approved by the FIA.
2. The 2026 Exception (ADUO): If a manufacturer is deemed to be underperforming based on performance assessments (calculated over three periods in the season: races 1–6, 7–12, and 13–18), they may be allowed to introduce upgrades.
3. Catch-up Mechanism: If a manufacturer is 2% to 4% off the best engine, they are allowed one additional upgrade in-season; if they are more than 4% off, they get two upgrades.

The performance is assessed at three specific milestones during the 24-race season:

Period 1: After Race 6 (25% mark).
Period 2: After Race 12 (50% mark).
Period 3: After Race 18 (75% mark).

Calculation Methodology
The FIA monitors each power unit's performance using standardized sensors and telemetry data to determine a "Reference Power" based on the top-performing units.

Metric: The primary calculation is based on the average Internal Combustion Engine (ICE) performance.

Gap Thresholds:
2% to 4% gap: If a manufacturer's average output is between 2% and 4% below the reference power of the top competitors, they are granted one additional development opportunity.
Over 4% gap: If the performance deficit exceeds 4%, the manufacturer is granted two additional development opportunities.

Granted Relief Measures
Manufacturers found to be lagging in these periods can receive several forms of assistance to close the gap:

Homologation Changes: Permission to modify their officially frozen (homologated) power unit design.
Test Bench Hours: Additional development time on power unit dynos.
Cost Cap Relief: Limited financial flexibility to spend on these specific performance-recovery projects without violating the strict power unit cost cap.

CHT
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Re: 2026 Aston Martin Aramco Formula One Team

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diffuser wrote:
26 Feb 2026, 17:30
CHT wrote:
26 Feb 2026, 04:50
diffuser wrote:
26 Feb 2026, 04:35


There is no outstanding loans for AMR GP. The lost money over the last fewer years is the £200 Million they payed for the 3 new buildings. They will stop encouring those cost in tge next couple of years. I don't see any financial problems with AMR GP. The Aston Martin motor car company is different story and is only 25% owner by Yew Tree/LS.

AMR financial filing show that the team has £311,923,000 loan which will be due within 5-10 years and the company is paying £27,020,000 in interest for its borrowing. This team is heavily leverage using superficial valuation created by LS inter company transaction.

https://find-and-update.company-informa ... download=0
Still 300 million out standing on a group worth over 3 billion and having just finished spending 200 million on 3 new buildings is CHUMP CHANGE, not heavily leveraged.
The company is only worth as much as what the next buyer is intending to pay. LS using left pocket to buy into right pocket is an illusion of valuation..

The massive loan and high interest AMR is paying is just not sustainable for a team struggling for success. The lifeblood for F1 team are sponsorship and prize money. AMR have lost AM as sponsor because AM themselves are struggling and now AMR may also see smaller prize money this year..

I think 2025 financial result could be worse than 2024.

NAPI10
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Re: 2026 Aston Martin Aramco Formula One Team

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dren wrote:
26 Feb 2026, 17:49
NAPI10 wrote:
25 Feb 2026, 19:58
There is a high possibility ,AM wont even have a car ; which fulfills all the criteria to run during a race weekend. What are they going to do on the track? Pit stop practice?
How is there a high possibility they won't have a car? They showed up to testing with one and ran it.
I mean, a car which is capable of competing and completing a race distance in a GP. AM can detune the engine and go round the track for the sake of fulfilling the contract with stakeholders. That's not racing.

Though, I am hoping for a miracle ; a raceable engine from Honda in Melbourne.

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Mattchu
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Joined: 07 Jul 2014, 19:37

Re: 2026 Aston Martin Aramco Formula One Team

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WardenOfTheNorth wrote:
26 Feb 2026, 17:16
Lots of people talking about changes to the PU in 2 or 3 races etc.

Under the new rules, are they able to change the PU at that point??
Basically, no! The current (or whatever they propose on paper) power unit will have to go thorough initial homologation on March 1st. This is the design and drawings. After a period of 1 month the PU manufacturer must supply the FIA with a working unit exactly the same as the drawings given on March 1st.
They can then work on a newer spec unit but that won`t be available for change/re-homologation under ADUO or normal regs until after the sixth race, so basically potentially available on the 7th race.

Power Unit manufacturers also have a maximum budget of $190 million.

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diffuser
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Joined: 07 Sep 2012, 13:55
Location: Montreal

Re: 2026 Aston Martin Aramco Formula One Team

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CHT wrote:
26 Feb 2026, 18:48
diffuser wrote:
26 Feb 2026, 17:30
CHT wrote:
26 Feb 2026, 04:50



AMR financial filing show that the team has £311,923,000 loan which will be due within 5-10 years and the company is paying £27,020,000 in interest for its borrowing. This team is heavily leverage using superficial valuation created by LS inter company transaction.

https://find-and-update.company-informa ... download=0
Still 300 million out standing on a group worth over 3 billion and having just finished spending 200 million on 3 new buildings is CHUMP CHANGE, not heavily leveraged.
The company is only worth as much as what the next buyer is intending to pay. LS using left pocket to buy into right pocket is an illusion of valuation..

The massive loan and high interest AMR is paying is just not sustainable for a team struggling for success. The lifeblood for F1 team are sponsorship and prize money. AMR have lost AM as sponsor because AM themselves are struggling and now AMR may also see smaller prize money this year..

I think 2025 financial result could be worse than 2024.
They were still setting up the Wind tunnel in 2025.

quote from the doc "Revenue is expected to continue to grow in future years as a result of exciting new arrivals for the 2025 season. These include a multi-year global partnership with Ma'aden who share a common objective with the team towards a sustainable future in line with Formula One's goal of becoming net zero by 2030 and Glenfiddich, bringing together two timeless brands renowned for their heritage, innovation and relentless pursuit of excellence. "

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diffuser
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Location: Montreal

Re: 2026 Aston Martin Aramco Formula One Team

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Mattchu wrote:
26 Feb 2026, 19:47
WardenOfTheNorth wrote:
26 Feb 2026, 17:16
Lots of people talking about changes to the PU in 2 or 3 races etc.

Under the new rules, are they able to change the PU at that point??
Basically, no! The current (or whatever they propose on paper) power unit will have to go thorough initial homologation on March 1st. This is the design and drawings. After a period of 1 month the PU manufacturer must supply the FIA with a working unit exactly the same as the drawings given on March 1st.
They can then work on a newer spec unit but that won`t be available for change/re-homologation under ADUO or normal regs until after the sixth race, so basically potentially available on the 7th race.

Power Unit manufacturers also have a maximum budget of $190 million.
ADUO regs allows manufacturer to exceed CAP.

hsg
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Re: 2026 Aston Martin Aramco Formula One Team

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When will FIA allow AM to fix the engine, so AM will drive car for 6 months with this engine? So they will not finish neither race in 6 months?

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Mattchu
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Re: 2026 Aston Martin Aramco Formula One Team

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diffuser wrote:
26 Feb 2026, 19:53
ADUO regs allows manufacturer to exceed CAP.
Iv`e just read this quote from another site...
All upgrade opportunities, whether ADUO-granted or under the normal regulations, must be made within a set budget, as the PUMs, like the teams themselves, now also have to work to a budget cap, set at $190 million for 2026.
Whether that`s factually true on not, I dunno, will have to consult the regs :wink:

Iv`e just read through this whole document and I can`t see anywhere that ADUO is exempt, I thought if anywhere it would be under "Exclusions".

https://www.fia.com/system/files/docume ... 7-31_0.pdf

Still, it shouldn`t matter, I can`t see Honda going anywhere near the limit anyway.

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hollus
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Re: 2026 Aston Martin Aramco Formula One Team

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vas_04614 wrote:
26 Feb 2026, 18:22
From Gemini AI:
...
So 50-50% chance for any individual sentence there?
Dunning asked: Do you know, Kruger? Kruger said: Yes.

GoranF1
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Re: 2026 Aston Martin Aramco Formula One Team

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It may turn out Aston don't even fall into ADUO category if and when Honda fixes reliability they may release a lot more power as well.
"I have no idols. I admire work, dedication & competence."

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AR3-GP
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Joined: 06 Jul 2021, 01:22

Re: 2026 Aston Martin Aramco Formula One Team

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Mattchu wrote:
26 Feb 2026, 20:06

Whether that`s factually true on not, I dunno, will have to consult the regs :wink:

Iv`e just read through this whole document and I can`t see anywhere that ADUO is exempt, I thought if anywhere it would be under "Exclusions".

https://www.fia.com/system/files/docume ... 7-31_0.pdf

Still, it shouldn`t matter, I can`t see Honda going anywhere near the limit anyway.
C4.3 refers to E.4.1.t

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diffuser
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Joined: 07 Sep 2012, 13:55
Location: Montreal

Re: 2026 Aston Martin Aramco Formula One Team

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AR3-GP wrote:
26 Feb 2026, 21:20
Mattchu wrote:
26 Feb 2026, 20:06

Whether that`s factually true on not, I dunno, will have to consult the regs :wink:

Iv`e just read through this whole document and I can`t see anywhere that ADUO is exempt, I thought if anywhere it would be under "Exclusions".

https://www.fia.com/system/files/docume ... 7-31_0.pdf

Still, it shouldn`t matter, I can`t see Honda going anywhere near the limit anyway.
C4.3 refers to E.4.1.t

https://i.postimg.cc/cLkLW9xX/image.png

https://i.postimg.cc/P57T9Cy3/image.png
Big kiss!

yes he was looking under the wrong regs https://www.fia.com/system/files/docume ... 2-10_0.pdf

SSJ4
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Re: 2026 Aston Martin Aramco Formula One Team

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I was looking at the race sim vs vcarb. a lot time was lost in straights which isn't a surprise. but equally they were losing a lot in slow speed sections. Is that gearbox related? or they just havent had a chance to dial in a proper setup due to a lack of solid running

CHT
CHT
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Joined: 14 Apr 2008, 05:24

Re: 2026 Aston Martin Aramco Formula One Team

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diffuser wrote:
26 Feb 2026, 19:52
CHT wrote:
26 Feb 2026, 18:48
diffuser wrote:
26 Feb 2026, 17:30


Still 300 million out standing on a group worth over 3 billion and having just finished spending 200 million on 3 new buildings is CHUMP CHANGE, not heavily leveraged.
The company is only worth as much as what the next buyer is intending to pay. LS using left pocket to buy into right pocket is an illusion of valuation..

The massive loan and high interest AMR is paying is just not sustainable for a team struggling for success. The lifeblood for F1 team are sponsorship and prize money. AMR have lost AM as sponsor because AM themselves are struggling and now AMR may also see smaller prize money this year..

I think 2025 financial result could be worse than 2024.
They were still setting up the Wind tunnel in 2025.

quote from the doc "Revenue is expected to continue to grow in future years as a result of exciting new arrivals for the 2025 season. These include a multi-year global partnership with Ma'aden who share a common objective with the team towards a sustainable future in line with Formula One's goal of becoming net zero by 2030 and Glenfiddich, bringing together two timeless brands renowned for their heritage, innovation and relentless pursuit of excellence. "
In 2022, AMR secured a 200m bank loan @ 9%. A borrowing cost of 9% indicate this loan is of significant financial risk.

Quoting Verbatim from AMR financial report for 2023
In 2022 the Group entered into a 5 year agreement to borrow up to £200m at a fixed rate of 9%
interest. The facility has a fixed and floating charge over all current and future assets of AMR GP
Limited (and associated group companies) including a share charge in favour of the lender by all of the
group companies.


In 2024, AMR secure 400m loan @ 10% to refinance its 2022 bank loan. Why would a company replace a 9% loan with 10%? If the group is rock solid and worth 3 billion, why could a company need to pay 10% for borrowing? In comparison, the UK borrowing cost for mortgage is around 4-5%. In the financial world, high interest = high risk of default.

Under the loan agreement, the lender has got charge over current and future assets of AMR GP Limited. This is somewhat like a collateral loan.

Quoting Verbatim from AMR financial report for 2024
During the year the Group went through a refinancing exercise, resulting in the repayment of the previous loan which has been replaced with a 10 year agreement to borrow $400m at a fixed rate of 10% interest. The facility has a fixed and floating charge over all current and future assets of AMR GP Limited (and associated group companies) including a share charge in favour of the lender by all of the group companies.

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diffuser
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Re: 2026 Aston Martin Aramco Formula One Team

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CHT wrote:
27 Feb 2026, 01:56


Quoting Verbatim from AMR financial report for 2023
In 2022 the Group entered into a 5 year agreement to borrow up to £200m at a fixed rate of 9%
interest. The facility has a fixed and floating charge over all current and future assets of AMR GP
Limited (and associated group companies) including a share charge in favour of the lender by all of the
group companies.


In 2024, AMR secure 400m loan @ 10% to refinance its 2022 bank loan. Why would a company replace a 9% loan with 10%? If the group is rock solid and worth 3 billion, why could a company need to pay 10% for borrowing? In comparison, the UK borrowing cost for mortgage is around 4-5%. In the financial world, high interest = high risk of default.

Under the loan agreement, the lender has got charge over current and future assets of AMR GP Limited. This is somewhat like a collateral loan.

Quoting Verbatim from AMR financial report for 2024
During the year the Group went through a refinancing exercise, resulting in the repayment of the previous loan which has been replaced with a 10 year agreement to borrow $400m at a fixed rate of 10% interest. The facility has a fixed and floating charge over all current and future assets of AMR GP Limited (and associated group companies) including a share charge in favour of the lender by all of the group companies.
I dont know why you pasted that. Even if the loan was for 2 billion. It would STIll be CHUMP CHANGE. You don't believe that. We disagree...that fine.

In 10 years AMR GP will be worth 6 Billion. Today you probably can't buy a team license from F1 for less than 1 billion. A license! That nothing but permission to build a team to race for F1. Then you got to pay people for several years and built stuff with no revenue until you start to race.
Last edited by diffuser on 27 Feb 2026, 03:13, edited 1 time in total.