Leaving Formula One 'will hurt Ferrari more'
The sports car manufacturer’s chairman, Sergio Marchionne, has warned the team could walk away by 2020
Abu Dhabi — Leaving Formula One would hurt Ferrari if the Italian team were to follow through on a threat to quit the sport, International Automobile Federation (FIA) president Jean Todt says.
The sports car manufacturer’s chairman, Sergio Marchionne, has warned the team could walk away if the sport took a direction contrary to Ferrari’s interests. Ferrari are Formula One’s most successful and glamorous team.
"I do not want to see Ferrari leaving, but I am not sure it will be a good thing for Ferrari to leave Formula One," said Frenchman Todt, a former Ferrari boss, who was team principal when Ferrari were at their most dominant with seven-time world champion Michael Schumacher behind the wheel in the early 2000s.
Marchionne’s warning came after the FIA unveiled plans for a cheaper, louder engine, with more standardised parts, due to replace the current power units from 2021.