Scoggin said the new formula would put over $2.9 billion in school systems. To fully fund the MAEP, it would have cost an extra $176 million in addition to original funding.

“These Formula SAE and Formula Student teams are helping drive the future of the automotive industry, and we’re thrilled to deepen our investment in their programs,” said Justin Huckins, ...

Formula Student (FS) can trace its roota back to the 1980s, when the Society of Automotive Engineers (SAE) in the UNited States started running its Formula SAE programme. Today, hundreds of teams from ...