On the subject of the future of Formula 1, Ferrari reaffirms its strong commitment and sense of responsibility to maintaining untouched the values of this sport.

As the only team to have taken part in every F1 world championship since its inception in 1950 up to the present day, Ferrari strongly believes that this sport should maintain its principles of being at the cutting edge in terms of research, with the teams thus taking part in a sporting and technical contest.

Ferrari, along with all the other teams in FOTA, has, for some time now, felt the urgent need for a significant reduction in costs as from this year, and believes that the future of this sport requires stability of the regulations and the gradual achievement over the next two to three years of a cost-profit balance which would allow current teams to remain in the sport while at the same time encouraging the arrival of new ones.

This is the position Ferrari wants to underline today, in the interests of the sport without looking to cause pointless controversy which would be harmful to all those involved in this sport.

Source: Ferrari S.p.A.