Ferrari have strong commitment in Formula One

It had been previously reported that Ferrari were examining their options following the World Motor Sport Council announcement that from next season, new and existing teams would have an option to sign up to a cost restrained formula.

Following a statement from team yesterday in which they announced they did not wish to comment on the matter, today the Italian champions re-affirmed its commitment to the series. Ferrari is however clearly unhappy with the cost capping rules being pushed forward by the FIA.

“Ferrari strongly believes that this sport should maintain its principles of being at the cutting edge in terms of research, with the teams thus taking part in a sporting and technical contest,” a statement from the team began.

“Ferrari, along with all the other teams in FOTA, has, for some time now, felt the urgent need for a significant reduction in costs as from this year, and believes that the future of this sport requires stability of the regulations and the gradual achievement over the next two to three years of a cost-profit balance which would allow current teams to remain in the sport while at the same time encouraging the arrival of new ones.

“This is the position Ferrari wants to underline today, in the interests of the sport without looking to cause pointless controversy which would be harmful to all those involved in this sport.”

Ferrari is the only surviving to team to have competed since the inception of the world championship in 1950.