Ferrari makes threat to leave Formula 1 racing

While Felipe Massa may trying to spoil things for Lewis Hamilton, trying to salvage Ferrari’s so-so season in Formula 1, Ferrari has announced that it may leave F1 altogether. In a statement released by Ferrari that flaunts the company 22.3 percent growth in revenue, a threat to leave F1 racing was clearly made.

“The Board of Directors also examined the proposed changes to the Formula One regulations, in the light of the current global economic crisis,” Ferrari said in a statement.

Basically Ferrari is making the threat to leave F1 if FIA President Max Mosley’s proposal to standardize engines and transmission by the 2010 season ever comes into effect.

“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,” Ferrari said.


Source: InsideLine