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Luca di Montezemolo: Ferrari urgently calls for cost reductions

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J For years Ferrari was the croesus in Formula 1. The Italians had the highest development budgets and paid the highest fees. But that is over now. In times of resource restrictions and testing bans, the Scuderia is no longer at the top of the expenditure table. Red Bull has now taken over.

Montezemolo is urgently calling for cost reductions

For Ferrari President Luca di Montezemolo, however, Formula 1 is still far from being done enough to save money. When looking at the new Concorde Agreement, which is currently being negotiated, the head of the group calls for cost reductions. 'The global economic situation is serious and the Formula 1 world must not ignore it,' said the president on the company's website.

'We cannot lose any more time. We urgently need to address the issue of costs Ferrari agrees with the FIA ​​that drastic measures are necessary here. We are convinced and have always said that the teams and the rights holders must work together with the world association. '

' We must no longer get entangled in sterile discussions with engineers who are usually only there to defend the interests of one or the other. The problems must be addressed at the highest level - without further delays. '

Customer car -Idea from the table

A Ferrari proposal on the subject of cost reductions was recently rejected. Montezemolo's favorite topic 'customer cars' is finally off the table. Ferrari and Red Bull had tried in vain to make them palatable to the rest of the Formula 1 teams.

According to their plan, Ferrari, Red Bull, McLaren, Mercedes, Lotus and Williams would have built the cars. The rest would have gone shopping at these six manufacturers. Teams like Sauber and Force India protested. Who wanted to forbid them to build cars? Some teams even threatened to go to an EU court.

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