Ferrari confirm readiness to pull out of F1 - Mercedes-Benz Forum

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post #1 of 7 (permalink) Old 05-12-2009, 08:35 AM Thread Starter
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Ferrari confirm readiness to pull out of F1

Ferrari have announced their withdrawal from the 2010 Formula One Championship.

Ferrari to withdraw from Formula One - Times Online

Max and Bernie your bluff has been called!
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post #2 of 7 (permalink) Old 05-12-2009, 01:12 PM
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Ferrari release statement following board meeting

Ferrari release statement following board meeting


Luca di Montezemolo (ITA) Ferrari President talks with the media. Formula One World Championship, Rd 4, Bahrain Grand Prix, Race, Bahrain International Circuit, Sakhir, Bahrain, Sunday, 26 April 2009

After a meeting of its board of directors in Italy on Tuesday, Ferrari released the following statement:

“Maranello 12 May 2009 - Ferrari’s Board of Directors, chaired by Luca di Montezemolo, today analysed the first quarter results for 2009. Despite the current international economic climate, which has hit the automotive sector in particular, Ferrari’s figures were in line with the record levels reached in 2008. Turnover for the first three months was 441 million euro compared to 455.7 million euro over the same period in 2008. The first quarter closed with a trading profit of 54 million euro compared to last year’s 59 million euro.

“These results reflect the introduction of new models, in particular the success of the Ferrari California and the Scuderia Spider 16M, the constant growth in activities linked to the brand (e-commerce, licensing, merchandising and retail) and the company’s continuing efforts to maximise efficiency.

“The Board of Directors also examined developments related to recent decisions taken by the Federation Internationale de l’Automobile during an extraordinary meeting of the World Motor Sport Council on 29 April 2009. Although this meeting was originally called only to examine a disciplinary matter, the decisions taken mean that, for the first time ever in Formula One, the 2010 season will see the introduction of two different sets of regulations based on arbitrary technical rules and economic parameters.

“The Board considers that if this is the regulatory framework for Formula One in the future, then the reasons underlying Ferrari’s uninterrupted participation in the World Championship over the last 60 years - the only constructor to have taken part ever since its inception in 1950 - would come to a close.

“The Board also expressed its disappointment about the methods adopted by the FIA in taking decisions of such a serious nature and its refusal to effectively reach an understanding with constructors and teams. The rules of governance that have contributed to the development of Formula One over the last 25 years have been disregarded, as have the binding contractual obligations between Ferrari and the FIA itself regarding the stability of the regulations. The same rules for all teams, stability of regulations, the continuity of the FOTA’s endeavours to methodically and progressively reduce costs, and governance of Formula One are the priorities for the future. If these indispensable principles are not respected and if the regulations adopted for 2010 will not change, then Ferrari does not intend to enter its cars in the next Formula One World Championship.

“Ferrari trusts that its many fans worldwide will understand that this difficult decision is coherent with the Scuderia’s approach to motor sport and to Formula One in particular, always seeking to promote its sporting and technical values. The Chairman of the Board of Directors was mandated to evaluate the most suitable ways and methods to protect the company’s interests.”
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post #3 of 7 (permalink) Old 05-12-2009, 01:29 PM
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Here we go, remember what happened in the US? Tony won after years of fuk'n things up. But everybody got dirty. And I've lost interest.

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post #4 of 7 (permalink) Old 05-13-2009, 02:17 AM
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James Allen on Ferrari's quit threat Tuesday, 12 May 2009 22:49

Ferrari raised the previously unthinkable spectre of a Formula 1 without the legendary Italian marque by threatening to walk away from the sport at the end of this season if the optional budget cap is introduced as planned. columnist James Allen explains why Ferrari is so opposed to the 2010 plans, reads between the lines of its board's explosive statement and asks whether this is simply an act of brinkmanship or if the team is deadly serious.

Today’s announcement by Ferrari that they will not enter the 2010 world championship if the rules regarding budget caps and the two-tier system are not dropped is quite a bombshell, although it has been coming for some time.

When Max Mosley said the other week that “Formula 1 could survive without Ferrari” you could almost hear the blood boiling in Maranello.

Ferrari are unhappy on a number of levels: they don’t like the idea of a budget cap, because they think it is impossible to police and they resent the idea of FIA accountants poring through their books.

They also are unhappy that the FIA has, in their view, not respected rights, which were apparently agreed between the governing body and Ferrari in 2005, whereby the team have a right of veto over rule changes.

This is why the two-tier element to the 2010 rules comes in, so that Ferrari can continue to run with unlimited budget if it wishes to.

As Mosley said: “If Ferrari chooses to continue with an unrestricted budget the new regulations will not deprive Ferrari of any rights or impose any significant new obligations upon Ferrari.”

Ferrari’s statement hints at a legal challenge against the FIA and the 2010 rules.

It also ends by saying that the chairman is mandated to look at all avenues in order to protect Ferrari’s interests and this could be taken to mean either entering another existing series or starting their own, possibly in conjunction with other manufacturers.

Toyota said on Sunday that they would not enter the 2010 championship if the conditions do not change and other manufacturers are known to feel that way, even if they haven’t come out and said it.

So what does it all mean? Is this just a spectacular piece of showmanship or is it a serious threat to take Ferrari out of F1?

Mosley says he has little room to negotiate, because the new teams will not be able to come in unless the budget cap is in place and set low.

But would the FIA really rather have USGPE, Lola and iSport than Ferrari and Toyota and BMW?

Bernie Ecclestone is going around saying that the accountancy side will be sorted out and the whole thing will be resolved when the teams meet with Mosley on Friday in London.

It would be a mistake to underestimate either Ferrari’s anger or Mosley’s resolve.
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post #5 of 7 (permalink) Old 05-14-2009, 04:43 PM
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Get 'em out

Let them bawl on their Mama's breast, sob into their cappuccino's, wail over their vino.
Ferrari can't live without F1 as sales will drop precipitously and they'll come crawling back.

Bring on Aston Martin and some other great racing marques
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post #6 of 7 (permalink) Old 05-15-2009, 10:42 AM
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Stalemate between FIA and FOTA

Stalemate between FIA and FOTA
Ferrari file injunction with French courts
15/05/09 18:39

Ferrari taking all means to block the FIA until
an agreement can be reached
Ferrari has stepped up the budget cap row by applying for an injunction in the French courts against the 2010 rules.

FIA President Max Mosley, who met with the F1 teams and Bernie Ecclestone at a Heathrow hotel on Friday, revealed the news as he emerged from the meeting.

Ecclestone also emerged from the meeting, as the FOTA group headed straight back into talks.

"The teams have gone off to see if they can come up with something better than the cost cap," Mosley told reporters. "We are prepared to listen to what they have to say.

He said the meeting was "friendly," but added: "It became apparent that Ferrari have made an application to the French courts to apply for an injunction to stop us doing what we want to do."

Mosley said he had not agreed to compromise on his plans, and that he doubts Ferrari will actually quit the sport.

© CAPSIS International
Source: GMM
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post #7 of 7 (permalink) Old 05-16-2009, 09:08 PM
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Teams still united, says Ferrari boss

Teams still united, says Ferrari boss

Saturday, 16 May 2009 17:19

Ferrari team boss Stefano Domenicali says the Formula 1 squads remain united in their quarrel with the FIA over next year's rules after yesterday's meeting at Heathrow.

No agreement could be reached over the FIA's proposal for a £40 million budget cap from 2010, a rule change that has seen several teams - including Ferrari - declare that they will not enter the 2010 world championship unless the regulations are altered.

While yesterday's crunch talks failed to resolve the situation, it also emerged that Ferrari was taking an injunction against the FIA in the French courts, claiming that the imposition of the budget cap rules contravened a veto that the legendary Italian squad holds over regulation changes.

Speaking to reporters outside the meeting last night, Domenicali said yesterday's events had proved that the teams still spoke with one voice.

"I think that the meeting shows that on one side there is a very united group of teams discussing the future with the president of the FIA," he said.

"That is all I can say.

"I think it's a work in progress.

"We are working hard to find a solution, and I think we showed a unity with the teams.

"It was important to reiterate our concerns."

He added that no one should be surprised by Ferrari's court action, and that the team felt it had to fight for what it believed in.

"There is nothing new in that," Domenicali said.

"If you look at the outcome of the Ferrari board (meeting), it was clearly indicated from that that the president has the mandate to protect the interests of Ferrari.

"This is all I can say.

"There are certain things that are in those rights.

"For us it's very important, it's our life.

"We want to fight to make sure that we will be in the championship in the right way.
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