Ferrari has released a statement in regards to recent rumors that it may be leaving Formula 1.
Last week, reports surfaced that Ferrari chairman Luca di Montezemolo has vented his discontent with Formula 1 to the series’ organizers and suggested that the Italian automaker may focus on other forms of motorsports instead. Ferrari however, has made a formal statement on its website noting that the media’s report “is a bit of a stretch based on President Luca di Montezomolo reiterating that Formula 1 needs to evolve and renew itself, while admitting that there is a unique attraction to the 24 Hour race.”
According to Ferrari, taking the president’s words and assuming that Ferrari would quit Formula 1 after 2020 to concentrate on Le Mans and Endurance championship is taking it “to extremes.” In fact, there’s nothing stopping the company from upping the ante and competing in all series.
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