Formula 1
Formula 1
02 Jul
-
05 Jul
Event finished
09 Jul
-
12 Jul
FP1 in
16 Hours
:
50 Minutes
:
15 Seconds
16 Jul
-
19 Jul
FP1 in
7 days
31 Jul
-
02 Aug
FP1 in
21 days
R
70th Anniversary GP
06 Aug
-
09 Aug
FP1 in
28 days
R
Spanish GP
13 Aug
-
16 Aug
FP1 in
35 days
R
Italian GP
03 Sep
-
06 Sep
FP1 in
56 days
24 Sep
-
27 Sep
FP1 in
77 days
29 Oct
-
01 Nov
FP1 in
113 days
R
Brazilian GP
12 Nov
-
15 Nov
FP1 in
126 days
R
Abu Dhabi GP
26 Nov
-
29 Nov
FP1 in
140 days

Ferrari defends F1 engine supply cost-cap veto

shares
comments
Ferrari defends F1 engine supply cost-cap veto
By:
Oct 30, 2015, 11:24 PM

Ferrari insists its decision to veto plans for Formula 1 to introduce a cost-cap on engine prices was not aimed at hurting the smaller outfits.

Maurizio Arrivabene, Ferrari Team Principal
Sebastian Vettel, Ferrari SF15-T
Maurizio Arrivabene, Ferrari Team Principal
Sebastian Vettel, Scuderia Ferrari
Sebastian Vettel, Ferrari SF15-T

A plan agreed by teams and the FIA to introduce a price ceiling on engines has had to be canned because Ferrari exercised a long-held veto it has on the introduction of new rules.

It was a move that has prompted the FIA to begin evaluating plans for an independent supplier to provide a standard cheap engine.

Speaking at the Mexican Grand Prix, Ferrari team principal Maurizio Arrivabene said that the only motivation for exercising the veto in this case was to protect its commercial interests, because it would dramatically cuts the profit it gets from supply engines.

"Concerning the veto, it is quite easy," he said. "We exercised our veto in line with our legitimate commercial right to do business as a power train manufacturer. There is nothing else to add."

When pushed on how Ferrari could justify its moves on the back of huge profits it makes, Arrivabene said: "Why do I have to justify more? We are talking about commercial rights, we are not talking about budgets or anything else.

"If somebody asks to give you a specification to produce something, you produce it in line with the specification. And then if somebody wants to impose a price on that, what are you going to do?"

Cost controls

Despite a move that forces customer teams to still pay top dollar for engines, Arrivabene said Ferrari was not blind to the cost issues his smaller rivals face.

"It is not a position against the other teams, it is a position defending the commercial principle. For the rest, we are open to finding any other solution.

"As a public company as we are now, like Mercedes is too, there are R&D costs that somehow you have to recover. I don't find any commercial entity that gives their product for free or at cost. This is the principle."

Next article
Mercedes boss describes departure of Manor's Booth and Lowdon as "a blow"

Previous article

Mercedes boss describes departure of Manor's Booth and Lowdon as "a blow"

Next article

Pirelli allows rookies to take part in Abu Dhabi F1 tyre test

Pirelli allows rookies to take part in Abu Dhabi F1 tyre test
Load comments

About this article

Series Formula 1
Teams Ferrari Shop Now
Author Jonathan Noble