There's no way they would join unless hybridisation is adapted in the ruleset (which it sounds like it may be in the future, so possible but only from that date onwards)
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First they need to start making road cars again not only SUV-s. Except if the future lies there.
Buth both don't have WRC experience from WRC era. And are not interested at all to even try. Mitsubishi does. And they've won couple of times.
I'm currently supervising build of R5 Fiesta, chassis of which was made from used road car with some 60k km on the clock. All paperwork from M-Sport and FIA is done and is fully correct, so I know what I'm writing. It can be ST or Ecoboost model. It needs to be based on normal road car as needs to have proper VIN number. And engine is not based on ST road car, actually engine for current Fiesta is based on some 1,8 engine from Mondeo I think. It just needs to be engine from the group. Engine for new Fiesta will be based on 2,0l from US market.
Same with the Fabia, 1.6l engine from a downgraded 1.8l Chinese market engine.
"The mass-produced engine, from which the racing engine of the ŠKODA FABIA R5 is derived, was originally introduced in the Volkswagen Lamando and ŠKODA Superb cars for the Chinese market."
And that is also, what Toyota is waiting for with their project...
I was only repeating what the M-Sport guy said. THEY use a new ST road-car from the factory and strip it to make an R5.
I would assume it will be the same with the Mk8 Fiesta R5.
By the way, if its not based on an engine for the Fiesta road-car can they really say its powered by Ecoboost ? I dont think there was a Mondeo 1.8 Ecoboost.