Friday, 3 November 2017

Sergio Marchionne Ferrari could quit Formula 1 over new proposals by Liberty Media



Ferrari president Sergio Marchionne has said the team could quit Formula 1 if they do not approve of the direction taken by new owners Liberty Media.

 
The Ferrari chief pinpointed proposals for a new engine design from 2021 as he made the threat in a conference call with investors.


Marchionne said F1 had been "part of our DNA since the day we were born".
But he added: "If we change the sandbox to the point it becomes unrecognisable, I don't want to play any more."


His concerns follow objections from both Mercedes and Renault over plans for a new engine design that were presented jointly on Tuesday by governing body the FIA and the F1 Group, which was bought by Liberty earlier this year.




BBC     News.