Ferrari plays down Formula 1 exit talk

Ferrari plays down Formula 1 exit talk

14 June 2014 – Ferrari has labelled as "pure speculation" media reports suggesting that it could call time on its Formula 1 team in favour of a return to endurance racing and the prestigious 24 Hours of Le Mans event.

The outfit's clarification comes in the wake of company President Luca di Montezemolo venting his frustrations about the current state of Formula 1, which embarked on a new turbocharged power unit era this season.

"Formula 1 isn't working," di Montezemolo told the Wall Street Journal. "It's declining because [the FIA] have forgotten that people watch the racing for the excitement. Nobody watches racing for the efficiency, come on."

On the subject of Le Mans, di Montezemolo said that while he is open to the idea of a full works effort, Ferrari would not be able to combine it with its current commitments: "We cannot do sportscar racing and Formula 1."

With di Montezemolo's comments leading to suggestions of an exit, Ferrari has chosen to speak out.

"To say that after [the Concorde deal expires in] 2020, Ferrari could quit Formula 1 to concentrate on Le Mans and the Endurance championship takes his words to extremes," read a statement issued by the team.

"Plus of course, there's nothing to stop Ferrari upping the ante and competing in both disciplines. So it's just pure speculation."

related

Comments

Latest News
Full
Compact

  1. Monday 2 May 2016

  2. Video of the Day: Kvyat learns bobsleigh 05:28

    Video of the Day: Kvyat learns bobsleigh

    Red Bull driver Daniil Kvyat met up with the Russian National bobsleigh team ahead of his home race.

    F1
  3. Sunday 1 May 2016

  4. Ricciardo: I expect apology from Kvyat 17:50

    Ricciardo: I expect apology from Kvyat

    Daniel Ricciardo believes Red Bull team-mate Daniil Kvyat owes him an apology after triggering a first lap collision at the…

    F1
  5. Williams pair positive despite missing podium 17:29

    Williams pair positive despite missing podium

    Williams drivers Valtteri Bottas and Felipe Massa described the team's Russian Grand Prix as "positive" despite missing out on…

    F1
  6. Magnussen pleased to end points drought 16:44

    Magnussen pleased to end points drought

    Renault driver Kevin Magnussen ended his and the manufacturer's points drought with a spirited drive to seventh place at the…

    F1
  7. 16:32

    Latest Formula 1 photos: Sunday in Sochi

    F1
  8. Ocon to get FP1 outing at Spanish GP 16:29

    Ocon to get FP1 outing at Spanish GP

    Renault test and reserve driver Esteban Ocon will take part in free practice for the Spanish Grand Prix later this month, the…

    F1
  9. Räikkönen admits Ferrari 'not fast enough' 16:15

    Räikkönen admits Ferrari 'not fast enough'

    Kimi Räikkönen admitted that Ferrari had no answer to Mercedes' pace as he settled for a podium finish in the Russian Grand…

    F1
  10. Alonso: Points now a regular target 16:14

    Alonso: Points now a regular target

    Fernando Alonso is confident that McLaren can now target points on a regular basis after both he and team-mate Jenson Button…

    F1
  11. Hamilton 'not full throttle' on straights 15:54

    Hamilton 'not full throttle' on straights

    Lewis Hamilton says he had to avoid using full throttle on the straights as another technical issue struck his car in the…

    F1
  12. Kvyat apologises to Vettel for contact 15:40

    Kvyat apologises to Vettel for contact

    Daniil Kvyat has apologised to Sebastian Vettel for twice colliding with his rival on the opening lap of Sunday's Russian Grand…

    F1
  13. Rosberg: I'm still taking it 'race-by-race' 15:30

    Rosberg: I'm still taking it 'race-by-race'

    Nico Rosberg insists he is taking a "race-by-race" approach to the 2016 title battle, despite extending his lead with another…

    F1
  14. 14:46

    In full: Russian Grand Prix race results

    F1
  15. Rosberg heads Mercedes 1-2 in Russia 14:41

    Rosberg heads Mercedes 1-2 in Russia

    Nico Rosberg continued his 100 per cent race record in 2016 with victory in Sunday's Russian Grand Prix, while Lewis Hamilton…

    F1
  16. Vettel: Nothing I could have done differently 13:39

    Vettel: Nothing I could have done differently

    Sebastian Vettel expressed his frustration over first lap contact at the Russian Grand Prix which left the German driver…

    F1
  17. 12:41

    Follow the Russian Grand Prix live!

    F1
  18. 12:06

    Starting grid for the Russian Grand Prix

    F1
  19. Mercedes avoids penalty for Hamilton 12:03

    Mercedes avoids penalty for Hamilton

    Lewis Hamilton will start the Russian Grand Prix from 10th on the grid, after Mercedes mechanics worked on his car overnight and…

    F1
  20. Gutiérrez hopes for 'surprises' in Russia 10:36

    Gutiérrez hopes for 'surprises' in Russia

    Esteban Gutiérrez concedes Haas will be reliant on "surprises" further up the grid if the team is to score points at the…

    F1
  21. Pirelli still expecting a one-stop race 09:53

    Pirelli still expecting a one-stop race

    Formula 1 tyre supplier Pirelli still expects a one-stop strategy to be the preferred option during the Russian Grand Prix…

    F1
  22. Palmer sure Renault has solved issues 08:42

    Palmer sure Renault has solved issues

    Renault rookie Jolyon Palmer is confident that the outfit has addressed the issues which he believes have held him back across…

    F1
  23. Video of the Day: Sauber fans' questions 05:22

    Video of the Day: Sauber fans' questions

    Sauber drivers Felipe Nasr and Marcus Ericsson answer questions from the fans at the Russian Grand Prix.

    F1
  24. Saturday 30 April 2016

  25. 17:42

    Latest F1 photos: Saturday in Sochi

    F1
  26. Hamilton reprimanded for Q1 offence 17:38

    Hamilton reprimanded for Q1 offence

    Mercedes driver Lewis Hamilton has escaped with a reprimand for his bollard-related offence during Saturday afternoon's…

    F1
  27. Ricciardo eyes battle with Williams 16:34

    Ricciardo eyes battle with Williams

    Red Bull driver Daniel Ricciardo is hopeful that the outfit will be able to fight with Williams at the Russian Grand Prix, after…

    F1
  28. McLaren-Honda 'so close' to Q3 - Button 16:25

    McLaren-Honda 'so close' to Q3 - Button

    Jenson Button says McLaren-Honda is "so close" to making it through to the top 10 shootout for the first time since the parties…

    F1
  29. Sainz Jr. hits out at Kvyat for Q2 driving 15:45

    Sainz Jr. hits out at Kvyat for Q2 driving

    Toro Rosso's Carlos Sainz Jr. has accused Red Bull's Daniil Kvyat of impeding one of his laps during qualifying for the Russian…

    F1
  30. Vettel hopeful of race-day fight back 15:22

    Vettel hopeful of race-day fight back

    Sebastian Vettel is hopeful of recovering lost ground during the Russian Grand Prix after dropping down the grid for a gearbox…

    F1
  31. Bottas achieves 'maximum' with P2 15:07

    Bottas achieves 'maximum' with P2

    Valtteri Bottas has described his front row slot in Russia as the "maximum" result possible as he capitalised on issues for…

    F1
  32. Rosberg not expecting an easy race 14:57

    Rosberg not expecting an easy race

    Nico Rosberg has made clear that he is not expecting an "easy" ride in Sunday's Russian Grand Prix, despite issues for his main…

    F1
  33. Hamilton suffers 'same failure' as China 14:41

    Hamilton suffers 'same failure' as China

    Lewis Hamilton lamented another power unit failure during Russian Grand Prix qualifying, the same as he suffered in China last…

    F1
  34. 14:10

    Russian Grand Prix: Full Qualifying results

    F1
  35. Rosberg on pole, Hamilton hits trouble 14:08

    Rosberg on pole, Hamilton hits trouble

    World Championship leader Nico Rosberg stormed to pole position at the Russian Grand Prix, as Mercedes team-mate Lewis Hamilton…

    F1
  36. 12:47

    Follow qualifying for the Russian GP!

    F1
  37. 11:05

    Russian Grand Prix: Full Practice 3 results

    F1
  38. Hamilton edges out Rosberg in final practice 11:02

    Hamilton edges out Rosberg in final practice

    Lewis Hamilton narrowly outpaced Mercedes team-mate Nico Rosberg during Saturday's final practice session for the Russian Grand…

    F1
  39. 09:52

    Follow final practice for the Russian GP!

    F1
  40. Video: Aeroscreen's ballistic static test 09:42

    Video: Aeroscreen's ballistic static test

    Red Bull presents the second aeroscreen test, which involved a 1-kilo projectile striking it at 230kph.

    F1
  41. Update: Engine tokens spent so far 09:38

    Update: Engine tokens spent so far

    Ferrari and Mercedes have both spent engine development tokens ahead of the Russian Grand Prix. Ferrari, already confirmed on…

    F1
  42. Video of the Day: Engine use in Russia 05:22

    Video of the Day: Engine use in Russia

    Ferrari looks at the challenges of the Russian Grand Prix with Power Unit Director Mattia Binotto.

    F1
  43. Friday 29 April 2016

  44. 18:02

    Latest Formula 1 photos: Friday in Sochi

    F1
more news