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Posts Tagged ‘Max Mosley’

Ferrari have threatened to pull out of Formula 1 if the plan to standardise engines after 2009 goes ahead. They are the second team to make such a threat after Toyota warned the standard engines would leave the manufacturers with little interest in the sport.

A statement released by Ferrari said “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 … 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.”

Despite this, FIA president, Max Mosley, appears to be going ahead with the engine homogenization, inviting any intrested parties to submit a tender to supply engines and/or transmission by November 7th. FOTA have confirmed none of the six manufactuers currently taking part in F1 (Toyota, Ferrari, Honda, Renault, Mercedes and BMW) will submit a tender.

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Mosley heads cost-cutting talks

FIA president, Max Mosley, will meet with the Formula One Teams’ Association in the days following this years Chinese Grand Prix to discuss urgent cost-cutting measures to secure the future of Formula One after 2009.

In an interview with the BBC on Tuesday, Mosley expressed serious concerns over the not-too-distant future of the sport, saying “If we don’t get it [cost-cutting measures] done before 2010, we will be in serious difficulty.” Mosley met with FOTA on Wednesday in what was later described as a ‘constructive’ and ‘positive’ discussion, agreeing to meet again after the Chinese round, in just over two weeks time, where they will begin talks on “the strategic decisions which are now urgently required, having regard to current world-wide economic problems.”

This follows the news on Tuesday that Mosley would negotiate with the newly-formed FOTA group towards significantly reducing the cost of the sport.

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