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F1: Ferrari president says Formula 1 must reduce costs immediately

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Khatir Soltani
Ferrari president Luca di Montezemolo said on ferrarif1.com that Formula 1 teams had to urgently reduce their costs to avoid running into serious problems in the near future.

“The world economic situation and that of Europe in particular, is very serious and the world of Formula 1 cannot ignore the fact,” declared Luca di Montezemolo.

“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,” he said.

“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,” Montezemolo added.

In a long meeting held Tuesday morning at Maranello, Montezemolo also went over the upcoming events facing the Scuderia in the 2012 championship. “I am not used to dealing with regrets as I prefer to always look forwards,” continued the President.

“In Montreal, I saw a team with a great will to win and that was seen right to the very end, maybe even taking some risks that might have been excessive. To see a Ferrari fighting for the win right to the end is just what I want to see and so do our fans. I am pleased with the progress seen over these past few races, but my thoughts and all the efforts of the Scuderia are already focussed on Valencia and then Silverstone, where we must make further steps forward,” the Italian added.


Khatir Soltani
Khatir Soltani
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