Ferrari Might Drop F1 if FIA’s Standard Engine Rule Passes

FIA, the Fédération Internationale de l’Automobile, is trying to push through standards for Formula One teams that will constrict competitive advantages, cut costs and make F1 a pure race for the best driver. Although many manufacturers and race teams are not opposed to measures that help reduce costs, most feel that cost reductions should not come at the expense of technological advancement. Ferrari, who has competed in Formula One racing since 1950, will seriously consider leaving the sport if standardized engines become a new regulation.

The Formula One Teams Association called a meeting Geneva a few days ago to discuss alternative options for cost reductions. Toyota agrees with Ferrari and firmly believes that “Formula One must remain a technological challenge” and that other means of cost reduction must be considered. If Max Mosley, President of the FIA, is able to pass this standardized engine measure it will go into effect no later than 2010. Hopefully FIA will come to their senses and not push away auto manufacturers that support the F1 sport.

Hit the jump to read Ferrari’s full statement.

Source: F1 Live

Ferrari’s Full Statement Regarding Standardized Engines in Formula One:

“The Board of Directors of Ferrari SpA met today under the chairmanship of Luca di Montezemolo, to examine the third quarter results. The Board of Directors also examined the proposed changes to the Formula One regulations, in the light of the current global economic crisis.

“Whilst reiterating its wholehearted commitment to a substantial and needed reduction in costs in Formula One, 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.

“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.”