spacer
15 August 2010  
spacer
Sports Business Portal - Home
HOME|NEWS|REPORTS|DIRECTORY|SPORTS JOBS|TENDERS|CONFERENCES|MEMBERSHIP|ADVERTISING spacer
SPORTS BUSINESS | SPONSORSHIP | TV RIGHTS | VENUES | SPORTS TECHNOLOGY | ECONOMICS | SPORTS MARKETING | BIDDING | SPORTS EVENTS | NEWSLETTER >> spacer

Username
Password 
Register now
Lost Password?

spacer

News Menu

»All News
»Sports Technology
»Agencies - Companies
»Bidding
»Media Rights
  »TV Rights
  »Mobile Rights
  »Internet Rights
»Sports Legacy
»Sports Economics
»Governing Bodies
»Sports Hospitality
»Anti-Doping
»Sports Recruitment
»Sports Security
»Sports Sponsorship
»Sports Betting
»Sports Business
»Sports Events
»Sports Law
»Sports Marketing
»Sports Venues
»Ticketing
»News by Location
»News by Sport
spacer
spacer
spacer

News by Events

»Olympics
»Summer Olympic Games
  »London 2012
  »Rio 2016
  »2020 Olympics
»Winter Olympic Games
  »Vancouver 2010
  »Sochi 2014
  »2018 Winter Olympics
»FIFA World Cup
  »South Africa 2010
  »Brazil 2014
  »2018 FIFA World Cup
»EURO
  »EURO 2012
  »EURO 2016
»Rugby World Cup
  »New Zealand 2011
  »2015 Rugby World Cup
  »2019 Rugby World Cup
»Commonwealth Games
  »Delhi 2010
  »Glasgow 2014
»Asian Games
  »Guangzhou 2010
  »Incheon 2014
»Cricket World Cup
  »2011 Cricket World Cup
»Pan American Games
»Africa Cup of Nations
»America's Cup
»FIBA World C'ship
»All Sports Events
spacer
spacer
FIA says Ferrari misinformed over engine plans 
 29/10/2008
 
 
Ferrari's board was misinformed when it threatened to pull out of Formula One if standard engines for all teams were brought in from 2010, the sport's governing body said on Tuesday.

Ferrari's board said on Monday it would review the team's presence in Formula One if the plans went ahead as they "would detract from the entire raison d'etre" of the sport where technological competition is key.

Toyota have also suggested they would consider pulling out if the proposal was adopted.

The International Automobile Federation (FIA) tried to calm worries.

"It seems the Ferrari Board were misinformed," a statement read.

"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 five million euros (4 million pounds) per season."

Ferrari president Luca di Montezemolo, also head of the Formula One Teams Association (FOTA), recently met FIA chief Max Mosley to discuss cost-cutting measures brought on by the global financial crisis.

CONCRETE PROPOSALS

"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," the FIA statement added.

"If neither happens, the FIA will take whatever measures prove necessary to preserve a credible world championship for both drivers and constructors."

Toyota team president John Howett echoed Ferrari's concerns.

"The issue is we don't want a standard engine," he told www.autosport.com.

"If it is forced through, then (quitting) is not a decision we will take here, it will be taken by the board in Japan, but they want a degree of differentiation between teams."

Formula One supremo Bernie Ecclestone has backed the standard engine proposal but some pundits say the FIA's stance may be part of a familiar carrot-and-stick approach to persuade the teams to swallow a more palatable alternative.

"We are not interested in producing the same engine -- it does not add any value for a manufacturer," Howett added.

"It is really too early to speculate what will happen. We have to see whether the FIA listens to FOTA's opinion, and whether or not the regulations change for F1."

The season ends with Sunday's Brazilian Grand Prix. McLaren's Lewis Hamilton leads Ferrari's Felipe Massa by seven points heading into the race.

(Source: Reuters)
Back
 
 

Advertisement

spacer

Popular Sections

»Sports Events
»Sports Business
»Sports Sponsorship
»Sports Marketing
»Sports Economics
»Media Rights
  »TV Rights
  »Mobile Rights
  »Internet Rights
»Sports Venues
»Bidding
»Sports Technology
»Sports Hospitality
»Sports Legacy
»Sports Security
»Sports Agencies
»Sports Law
»Sports Recruitment
»Ticketing
»Governing Bodies
»Football Business
»Rugby Business
»Cricket Business
»Motorsport Business
  »F1 Business
  »Motorcycling
  »Nascar industry
»Golf Business
»Tennis Business
»Sports Betting Industry
»Horse Racing Industry
»All News
Media Partners

 Home   |  Site Map  |  Sports Industry Providers & Suppliers   |  Sports Jobs  |  Links  |  Sports Industry Newsletter  |  Sports Industry Conferences 
 Sports Industry Tenders  |  Sports Industry News  |  Advertise With Us  |  About Us  |  Contact    
spacer © 2010 Sports City. All rights reserved. spacer