Magneti Marelli offers F1 KERS for US $1m

Magneti Marelli KERS unit

Magneti Marelli developed KERS unit

Aug.6 (GMM) Magneti Marelli is reportedly offering a KERS system to formula one teams for a price of US $1 million per season.

The Sesto San Giovanni-based company is a Fiat subsidiary and electronics specialist that was involved with Ferrari‘s energy-recovery technology deployed in formula one last year.

It has already been reported that Ferrari-powered Sauber is considering using a Magneti Marelli system next year, as is Red Bull, whose engine supplier Renault also turned to the Italian company for its KERS in 2009.

Autosprint reports that Toro Rosso, also powered by Ferrari, could also use a Magneti Marelli KERS in 2011, as well as the new teams Virgin, Lotus and HRT.