Oct.28 (GMM) Ferrari has threatened to "re-evaluate" its commitment to formula one should the governing body impose standard engines.
Despite also boasting of increased revenues and profits after a board meeting on Monday, the famous Italian team made clear its strong opposition to cost-cutting via the method of homogenising powertrain design.In a statement issued after the board meeting headed by president Luca di Montezemolo, Ferrari said it believed Max Mosley's plan would "detract from the entire raison" of a sport "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," the statement warned.Ferrari, nonetheless, pointed out its "wholehearted commitment" to cost-cutting in F1.It was reported recently that Toyota has also threatened to quit F1 over the issue of standard engines, but the Japanese team issued a clarification on Monday."We believe formula one must remain a technological challenge; this is an important point for Toyota and provided this does not change we expect to continue in formula one until at least 2012," Toyota said.