Ferrari: We will not participate in 2010

dipen01

Ferrari: We will not participate in 2010

Tuesday 12th May 2009

Ferrari have announced that they will withdraw from Formula One if the FIA implements its plan to introduce a budget cap.

In a short statement on the team's website, the sport's most famous team said they will not be on the grid in 2010.

"We confirm our opposition to the new technical regulations adopted by the FIA and do not intend entering our cars in the 2010 F1 Championship," the statement read.

Ferrari are among several teams to have been angered by the FIA's plans to impose a £40million budget cap on teams from next year, and today's move will hugely increase the pressure on FIA president Max Mosley to find a compromise.

Crunch talks were already planned in the next few days with the May 29 deadline for 2010 entries fast approaching.

Prior to the Spanish Grand Prix, Toyota boss John Howett said his team were unlikely to commit by that deadline if the FIA pressed ahead with their plans, but it is Ferrari who have made the move first.

Tuesday's announcement will put to the test Mosley's resolve after he claimed earlier this month that Formula One could live without Ferrari, the sport's most famous, most successful, and longest-tenured team.

Ferrari are the only team to have contested every season of the World Championship since the modern format was introduced in 1950.

But more than that, the tradition of the famous prancing horse has long been synonymous with the sport, and the team are the most popular among F1 fans.

The decision to threaten to pull out of the 2010 championship came at a meeting of the Ferrari board of directors in Maranello.

Ferrari believe the FIA's new regulations would lead to an unacceptable two-tiered F1 Championship, which they consider would be "based on arbitrary technical rules and economic parameters".

"The board consider that if this is the regulatory framework for Formula 1 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," said a report from today's board meeting.

The report went on to criticise the FIA's decision-making process, claiming that teams have not been properly consulted.

The report continued: "The rules of governance that have contributed to the development of Formula 1 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 1 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 do not intend to enter our cars in the next Formula 1 World Championship."

Source :- Planet F1

xXx

Max Mosley = Safin

always in difficult position

Kimi

Also Toyota n Redbull has threatened 2 quit F1 4 d same reason......actualy feelin bad 4 all des dramas out there....it demotivates d drivers 2 ...

Kimi

Ferrari's statement in full
Tuesday 12th May 2009

The following is a statement released by Ferrari announcing their intention to withdraw from F1 if the FIA introduces a budget cap...

'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 1, 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 1 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 1 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 1 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 1 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 1 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.'

Kimi

Formula 1 shudnt bcum Formula Zero vtout d red brigade........

soggy316

Renault also issue a statement to similar effect

The Renault Formula One team and parent company Renault issued the following statement on Wednesday:

The decision of the Federation International de l’Automobile (FIA) to introduce two sets of Formula One technical regulations for the 2010 Formula One season has caused the Renault Group to reconsider its entry in next year’s FIA Formula One World Championship.

There is frustration that FOTA’s constructive proposals, including major cost saving measures to be adopted progressively between 2009 and 2012, which were carefully constructed by FOTA members, have been completely ignored without any form of consultation by the FIA with the teams.

It should be stressed that FOTA has set the same, if not lower, financial objective as the FIA, but Renault strongly believes that this must be introduced through a different procedure agreed by all parties.

Renault also believes that it is paramount that the governance of the sport is coordinated with a spirit of consultation with all parties (FIA, FOM, FOTA) in order to achieve a better balance between the costs and the revenues. Renault is also of the firm view that all entrants in the World Championship must adhere to and operate under the same regulations.

President of the ING Renault F1 Team, Bernard Rey, commented: “Renault has always considered Formula One as the pinnacle of motor sport and the perfect stage to demonstrate technical excellence. We remain committed to the sport, however we cannot be involved in a championship operating with different sets of rules, and if such rules are put into effect, we will be forced to pull out at the end of this season.”

ING Renault F1 Team Managing Director, Flavio Briatore, commented: “Our aim is to reduce costs while maintaining the high standards that make Formula One one of the most prestigious brands on the market. We want to achieve this in a coordinated manner with the regulatory and commercial bodies, and we refuse to accept unilateral governance handed out by the FIA. If the decisions announced by the World Council on the 29th of April 2009 are not revised, we have no choice but to withdraw from the FIA Formula One World Championship at the end of 2009.”