F1 proposes simpler, cheaper V8 turbo hybrid engines for new rules

• Formula 1's next engine regulations will introduce V8 turbo hybrid engines.
• The proposed engines are simpler and less expensive than the current rules.
• The FIA sent a proposal document to six F1 manufacturers for discussions.
• Ferrari is among the six car manufacturers involved in the discussions.
• The new regulations aim to make F1 more accessible and competitive.