News Details

Ferrari: F1 cost cap idea 'obscene'

Ferrari chairman Sergio Marchionne has labelled attempts by Bernie Ecclestone and Jean Todt to impose cost limits on Formula 1 engines as 'obscene'. Despite a majority of teams voting in favour of the idea of capping prices on current customer engines at 12 million Euros, the matter had to be dropped after Ferrari exercised a long-standing rules veto. Ferrari's decision to step in has left FIA president Todt frustrated, but Marchionne has hit out at the idea of the governing body getting involved in the finances of teams. "Thinking that the FIA and FOM can pass to the engine manufacturer the obligation and the financial responsibility to finance (subsidise) their engines to other...
Full Story »
10y ago from Motorsport.com 0
Share

You May Also Be Interested In...

Horner says giving Ferrari veto rights was...

Red Bull boss Christian Horner believes that the decision to give Ferrari...
10y ago from Motorsport.com

Todt seeks engine rules stability in exchange for cost...

 XPB Images FIA President Jean Todt is willing to increase...
10y ago from F1i.com

Todt warns Ferrari over the gun in their pocket

F1 News Todt warns Ferrari over the gun in their pocket Race Report:...
10y ago from Formula1Blog.com

Renault buying Red Bull 'unthinkable' - Mateschitz

Red Bull owner Dietrich Mateschitz has dismissed the latest wild rumour...
10y ago from GrandPrixTimes.com

Elsewhere On The Network

Popular On MGPToday.com

Marco Bezzecchi secures pole at Thai MotoGP season...

Marco Bezzecchi maintained his weekend dominance by securing pole...

Marco Bezzecchi completes clean sweep to top final...

Aprilia's Marco Bezzecchi continued his dominance by leading the field in...

Popular On IndyCarToday.com

Popular On TotalWRC.com

Popular On GunnersToday.com

Viktor Gyökeres feeling trust and love helps him...

enal forward on a high after two goals at Spurs, with his manager hoping...
6h ago from TheGuardian.com

Rosenior has talent to be Chelsea’s answer to Arteta...

atility and unusual structure at Stamford Bridge leave club’s young...
10h ago from TheGuardian.com

Ex-Arsenal and Chelsea icon would be open to Tottenham...

Former Arsenal and Chelsea midfielder Cesc Fabregas is open to taking the...
10h ago from CaughtOffside.com

'Then gaps will appear' - John Terry explains how...

Premier League Hall of Famer John Terry has told Chelsea how to get the...
12h ago from SportsKeeda.com

Comments

Hottest News

Recent News


2014 GPToday.com
GPToday.com is not responsible for the news headlines and associated descriptions and images it indexes, the content of externally linked sites or the comments & postings of its users.

This website is unofficial and is not associated in any way with the Formula One group of companies. F1, FORMULA ONE, FORMULA 1, FIA FORMULA ONE WORLD CHAMPIONSHIP, GRAND PRIX and related marks are trade marks of Formula One Licensing B.V.