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Ferrari calls F1 needs urgent cost reduction

Ferrari president Luca di Montezemolo hints that Formula 1 needs vital cost reduce to defend F1 sport from international economic crisis

Mostly the Europe country facing economic crisis problems, now he insists that there must be no stoppage in Formula 1 moving to cut costs.

“The world economic situation, and that of Europe in particular, is very serious and the world of Formula 1 cannot ignore the fact,” Ferrari president told the official 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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