Formula One news

McLaren threatens F1 exit

McLaren could pull out of Formula One at the end of the 2007 season if the sport's future is not resolved to the team's satisfaction, boss Ron Dennis has warned.

"If the status quo exists we will not participate in 2008," Dennis said. "We don't believe there will be two rival series and if the manufacturers and teams stay together, hopefully it will also be something that Ferrari will want to align themselves with."

"We think that transparency, fairness, appropriate governance and stability are crucial," added McLaren's F1 operations boss Martin Whitmarsh. "Give the companies which are now investing significant amounts in F1 - the sport needs to grow up. We wont keep the likes of Honda, Toyota and so on if they perceive a lack of clarity and fairness - and currently they do."

"I don't believe the voting members of the FIA have any comprehension of the dissatisfaction felt by all the manufacturers and the nine teams at the current situation in F1," Whitmarsh concluded.

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