Jean Todt’s solution to keep Ferrari in Formula 1. The biggest problem currently plaguing most of the teams is the high cost of participating in F1.

Offer them a good format and Scuderia Ferrari will continue to stay in Formula One: that is the key message from the FIA president Jean Todt to Liberty Media, as reported by the Italian media this week. The initial proposal for 2021 technical regulations was received harshly by the Maranello team, as Chief Executive Officer of Fiat Chrysler Automobiles N.V. and Chairman and CEO of FCA US LLC Sergio Marchionne threatened to quit the sport if the series continued to go the NASCAR way.

But after the latest round of the draft, the Canadian Italian business executive has softened his position and said Ferrari is willing to discuss the new rules with other teams, the FIA and Formula 1. When reporters asked about the future of the Maranello team in F1, Jean Todt said he is certain the iconic brand will stay with the series. Speaking in Barcelona, the French motor sport executive said: “Ferrari is an iconic brand. There are several reasons for that, and one of them is that the sport is very important for them. Ferrari profits from racing and racing profits from them. I am convinced that if we set up a good format, they will continue to be interested” said the Frenchman. But the FIA will also have to take a look at other teams’ perspective and find a compromise that works for all.

“We have to do something that’s good for ten teams, not just one.” – he insisted – “More than half of the teams are in difficulty, and that’s not good for the premier discipline of motorsport. That’s why we have to do something about the discrepancy between the teams.”

The biggest problem currently plaguing most of the teams is the high cost of participating in Formula 1. Creating a budget cap and removing expensive component like MGU-H will go a long way in levelling the field, he explained: “It’s an interesting technology, but nothing that is absolutely necessary to have a good world championship. We want to make things simpler, and above all, we want to interest new manufacturers. We are well on the way with the engine regulations.” – the President of the Fédération Internationale de l’Automobile (FIA) concluded.