Formula One news

Ferrari threatens to quit F1

Ferrari has threatened to quit Formula One if the FIA pushes ahead with its plans to introduce a standard engine scheme for all the teams.

The FIA today confirmed that it is still pressing ahead with inviting potential suppliers of a standard F1 engine to tender for the deal. It was a move that stunned many given the progress made at last week's FIA-FOTA meeting between the governing body and F1 teams. 

An this evening, Ferrari has dropped a bombshell following a meeting of its board.

"Whilst reiterating its wholehearted commitment to a substantial and needed reduction in costs in Formula 1, starting with propulsion, the Ferrari Board of Directors expressed strong concerns regarding plans to standardise engines as it felt that such a move would detract from the entire raison of a sport with which Ferrari has been involved continuously since 1950, a raison d'etre based principally on competition and technological development," a statement issued by Ferrari this evening read.

"The Board of Directors expressed the opinion that should these key elements be diminished, it would have to re-evaluate, with its partners the viability of continuing its presence in the sport," it concluded.

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• 07 Jan.
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• 06 Jan.
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• 05 Jan.
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• 04 Jan.
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• 03 Jan.
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• 02 Jan.
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• 01 Jan.
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• 31 Dec. '08
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• 30 Dec. '08
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• 29 Dec. '08
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• 28 Dec. '08
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• 26 Dec. '08
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• 25 Dec. '08
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• 24 Dec. '08
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