Ferrari: Cost cap needs to be phased in
28 December 2013 – Ferrari President Luca di Montezemolo has that while the Scuderia is in favour of reducing costs it needs to be done carefully and should ideally be phased in over a three-year period.
Plans to introduce a ‘global cost cap’ were agreed ‘in principle’ at the start of this month after a meeting of the F1 Strategy Group and the Formula One Commission in Paris, however, the details have still to be hammered out.
“We are in favour of a three year plan to reduce costs, which should be achieved in a gradual manner, taking into account the characteristics of each team,” di Montezemolo told journalists ahead of the Christmas break.
Di Montezemolo also added again that the idea of the top teams running third cars or supplying customer cars is something that shouldn’t just be dismissed.
“The theme of the third car is back in the news: for example, we know that there’s an American team that would be ready to come into F1 if it could use one of our cars,” he continued. “[Furthermore] on this topic, we cannot disregard the USA when thinking of the future, just as we cannot think of doing without some of the historic races.”