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Ferrari may leave Formula One: Report

Published on Jun 14, 2014 6:26 AM
Ferrari's president Luca Cordero di Montezemolo stands in the pits during the second practice session at the Circuit de Catalunya, in Montmelo, on the outskirts of Barcelona on May 9, 2014, ahead of the Spanish Formula One Grand Prix. -- PHOTO: AFP

LOS ANGELES (AFP) - Ferrari chairman Luca di Montezemolo may pull his team out of Formula One because it "isn't working" and the Italian firm may switch to sports-car competition, he told Friday's Wall Street Journal.

Scuderia Ferrari has longstanding disputes with Formula One governing body, the Federation International d'Automobile (FIA), and Montezemolo expressed frustration with recent F1 rules changes.

"Formula One isn't working," he told the Journal in an interview in Maranello, Italy.

He complained that the FIA "have forgotten that people watch the racing for the excitement. Nobody watches racing for the efficiency, come on." FIA's new regulations make the sport more environmentally friendly and reduce costs, such as by introducing of a new turbo hybrid V6 engine, which is quieter and less polluting.

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