Ferrari WILL quit this year if changes aren't made by FIA for 2010

Shock news from Ferrari

Well what was a quiet Tuesday afternoon in the motorsport world suddenly came alive when Ferrari issued a press release declaring their intentions for the 2010 F1 season.

"Ferrari does not intend entering its cars in the 2010 f1 championship"

That's literally how black and white it is. The 2010 regulations and budget cap suggested by Max Mosely have put a fair few of the team on edge and this is the Ferrari are the first team to blink. Ferrari doesn't want in next year if this all goes ahead...

Some drivers have already come out and said that a championship without Ferrari is unthinkable - and in many regard it is right?

Below is from the prancing horse's mouth. Please discuss on our forum!

The Board considers that if this is the regulatory framework for Formula 1 in the future, then the reasons underlying Ferrari's uninterrupted participation in the World Championship over the last 60 years - the only constructor to have taken part ever since its inception in 1950 - would come to a close.

The Board also expressed its disappointment about the methods adopted by the FIA in taking decisions of such a serious nature and its refusal to effectively reach an understanding with constructors and teams. The rules of governance that have contributed to the development of Formula 1 over the last 25 years have been disregarded, as have the binding contractual obligations between Ferrari and the FIA itself regarding the stability of the regulations.

The same rules for all teams, stability of regulations, the continuity of the FOTA's endeavours to methodically and progressively reduce costs, and governance of Formula 1 are the priorities for the future. If these indispensable principles are not respected and if the regulations adopted for 2010 will not change, then Ferrari does not intend to enter its cars in the next Formula 1 World Championship.

Ferrari trusts that its many fans worldwide will understand that this difficult decision is coherent with the Scuderia's approach to motor sport and to Formula 1 in particular, always seeking to promote its sporting and technical values.

The Chairman of the Board of Directors was mandated to evaluate the most suitable ways and methods to protect the company's interests