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Re:Formula 1′s Leading Team Has a Big Secret by cvos on Saturday October 12, 2013 @01:28AM (#6537421)
The main reason for the strict limits on car and engine design is safety.

It is possible to build an uncontrollable death rocket on 4 wheels, but this would simply be to dangerous for the drivers and fans.

If these strict regulations were not in place the teams would create cars that would be self destructive.

Re:Formula 1′s Leading Team Has a Big Secret by bmj on Saturday October 12, 2013 @07:38AM (#6538374)
A good example of this is the heyday of Group B cars in rallying.

http://en.wikipedia.org/wiki/Group_B