28/10/2008
NEWS STORY
The FIA has this afternoon (Tuesday) issued the following statement i reaction to the statement issued by Ferrari on Monday.
The FIA has noted the press statement issued by the Ferrari Board of Directors.
It seems the Ferrari Board were misinformed. The FIA has offered the teams three options, one of which is the so-called standard engine, and another that the manufacturers should jointly guarantee to supply power trains to the independent teams for less than €5m per season.
The FIA is delighted by Ferrari's financial success and hopes this will be maintained. However a number of teams find themselves facing costs which greatly exceed income. This is not sustainable.
It is now for the manufacturers to agree one of the three FIA options or themselves produce concrete proposals to reduce costs to a sustainable level.
If neither happens, the FIA will take whatever measures prove necessary to preserve a credible world championship for both drivers and constructors.