Ferrari president Luca di Montezemolo has called on Formula 1 bosses to take seriously the cost reduction measures the sport’s governing body, the FIA, wants to introduce.
Ferrari have historically been against budget restrictions, even spearheading a breakaway series in 2009 when the then FIA president Max Mosley attempted to introduce budget caps.
However with the deteriorating financial crisis in Europe, Di Montezemolo has come out in support of ‘urgent’ and ‘drastic’ discussions over the sports and teams finances.
“The world economic situation and that of Europe in particular, is very serious and the world of Formula 1 cannot ignore the fact,” he wrote on the Ferrari website. “We cannot lose any more time: we need to tackle urgently and with determination the question of costs.
“Ferrari is in agreement with the FIA’s position that drastic intervention is required. We are absolutely convinced that, as I have always said, the teams and the commercial rights holder must work together with the Federation on this front.
“This is no longer the moment for getting bogged down in sterile discussions or the meanderings of engineers, usually only concerned in defending the interests of someone or other: the question has to be tackled at the highest level, without further delay.”
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