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Ferrari slams “obscene” FIA cost cap initiative
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Ferrari chairman Sergio Marchionne has slammed the engine cost capping measures brought forward by the FIA, describing the initiative as “obscene”. Formula One’s governing body recently issued a strong-worded statement to allow the introduction of a new power unit from 2017 after Ferrari had blocked a fresh push to reduce the price of customer engines to 12million (£8.6million). FIA President Jean Todt admitted he was “disappointed” by his former team’s stance, especially after the majority of squads, as well as Bernie Ecclestone’s Formula One Management [FOM], had agreed on the measures. “Ferrari's position is crystal clear, while Jean Todt’s...
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