Wednesday, November 9, 2011

Luca di Montezemolo Threatens Ferrari will Leave F1 but Company Says it isn't So


There is only one team that can lay claim to participating in Formula 1 from its inaugural season in 1950 until today, and that's Ferrari. Yet, the Scuderia, whose founder was “forced” to make road cars to finance its racing activities, is now threatening to leave the sport because it disagrees with its rules.

“Formula 1 is still our life, but without Ferrari there is no Formula 1, just as without Formula 1 Ferrari would be different”, said the Italian company’s CEO, Luca di Montezemolo commenting on the future of F1 during the Ferrari Mondiali event.

According to Montezemolo, F1 is heading the wrong way: “We race not just for the publicity it brings us, but above all to carry out advanced research aimed at all aspects of our road cars: engine, chassis, mechanical components, electronics, materials and aerodynamics, to such an extent that the technology transfer from track to road has grown exponentially over the past twenty years.”

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