Alfa Romeo Racing has released footage of the first fire up of the new Ferrari F1 power unit for 2021, a week before the presentation of their new F1 car for 2021.

Red Bull motorsport advisor Helmut Marko has revealed that Red Bull will set up a new company to prepare and test Honda engines that it will continue to use next year thanks to a decision to freeze engine development that takes effect at the start of 2022 F1 season.

The FIA, Formula 1 and F1 teams have agreed on key points for the new generation of F1 engines to be used from 2025 and the most important point for fans is the goal of making the new power units ‘powerful' and emotive’.

Formula 1 CEO Stefano Domenicali believes the freeze on engine development from 2022 is good for all manufacturers to reduce costs ahead of the arrival of new power units in 2025, not just for Red Bull who will be able to continue using Honda engines.

McLaren has released footage of the first fire-up of the new Mercedes engine in its new MCL35M chassis marking a return to the power units they last used in 2014.

McLaren is the only team that had to change its chassis this season to prepare it for the new Mercedes power units and production director Piers Thynne explained what they had to change and what challenges they experienced in doing so.

Ferrari is preparing a completely new engine for the new 2021 F1 season which should have 30 HP more than its predecessor, which was the weakest engine in Formula 1 last year while the more compact design should bring them significant aerodynamic advantages.

The current world champions had to take 'countermeasures' to address the reliability issues they experienced in pre-season testing.

Following yesterday's collective statement by seven teams that do not use Ferrari engines around the FIA's investigation into Ferrari's 2019 F1 power unit, the FIA made a statement explaining why they could not reveal more details.

All teams except Ferrari and their customers Alfa Romeo and Haas have signed a statement on the FIA's conclusion of the investigation into Ferrari's power unit, in which they expressed their shock at the non-transparent and incomplete explanation of what actually happened last season.