“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,” red the statement.
Also, the international body announced that they will continue to pursue several other solutions by which F1 could survive the financial storm worldwide and insisted that any proposal concerning cutting costs inside the sport will be thoroughly discusses with FOTA (Formula One Teams Association) prior to its implementation.
“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,” concluded the FIA statement.
Ferrari previously warned FIA that they will consider quitting the sport if standardized engines and gearboxes will become mandatory starting 2010. “The Ferrari Board of Directors expressed strong concerns regarding plans to standardize engines as it felt that such a move would detract from the entire raison of a sport with which Ferrari has been involved continuously since 1950, a raison d'etre based principally on competition and technological development. The Board of Directors expressed the opinion that should these key elements be diminished, it would have to re-evaluate, with its partners the viability of continuing its presence in the sport,” red the Ferrari statement.