Ferrari could quit F1 if the sport’s new owners take it in a direction contrary …


Ferrari could quit F1 if the sport’s new owners take it in a direction contrary to the Italian sportscar maker’s interests, chairman Sergio Marchionne has warned.
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Marchionne said that while he supported cost-cutting, there were other strategic issues under discussion that could force Ferrari to consider racing elsewhere.
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“It (Formula One) has been part of our DNA since the day we were born,” he said. “But if we change the sandbox to the point where it becomes an unrecognizable sandbox, I don’t want to play anymore.
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But he said Ferrari and Liberty appeared to be “somewhat at odds in terms of the strategic development” after 2020.
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“I think you need to be absolutely clear that unless we find a set of circumstances, the results of which are beneficial to the maintenance of the brand in the marketplace and to the strengthening of the unique position for Ferrari, Ferrari will not play,” he said.
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Marchionne said, however, that he would not pre-judge anything.
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“We’re walking into this meeting next Tuesday with the best of intentions, we’ll see where it takes us,” he said. “I am attending those meetings on strategy because it’s important, because it matters a lot to this business,” added Marchionne. “The financial implications of the wrong choice for the moment going forward are pretty significant to Ferrari.”
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