Ferrari release statement following board meeting:
After a meeting of its board of directors in Italy on Tuesday, Ferrari released the following statement:
1-Maranello 12 May 2009 -" Ferrari’s Board of Directors, chaired by Luca di Montezemolo, today analyzed the first quarter results for 2009. Despite the current international economic climate, which has hit the automotive sector in particular, Ferrari’s figures were in line with the record levels reached in 2008. Turnover for the first three months was 441 million euro compared to 455.7 million euro over the same period in 2008.
2-The Board of Directors also examined developments related to recent decisions taken by the Federation Internationale de l’Automobile...[...]
for the first time ever in Formula One, the 2010 season will see the introduction of two different sets of regulations based on arbitrary technical rules and economic parameters.
3-The Board considers that ***IF THIS IS the regulatory framework for Formula One 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***!
4-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.[...] 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 One World Championship.
Full article here:
source:
http://www.formula1.com/news/headlines/2009/5/9348.html