Johannesburg [South Africa], Nov 27 (ANI): Federation Internationale de l'Automobile (FIA) president Jean Todt has said that Ferrari would suffer if it followed through on its threat of quitting Formula One.
Earlier, Ferrari chairman Sergio Marchionne had threatened to quit F1 racing if its new owner Liberty Media continued to press on over new engine rules.
It should be noted that Liberty Media had announced several changes to the engine regulations aimed at cost reduction.
Though Marchionne agreed with the cost-cutting reasons, he stated that there were other strategic issues that could force Ferrari to think over racing elsewhere.
"That's their choice. We do not want any manufacturers to leave the sport. Ferrari is an icon and it is unique, and it would be very painful if they were not in Formula One anymore. But that's not my responsibility," Sport24 quoted Todt, as saying.
The FIA president further believes the decision to sell F1's commercial rights to Liberty Media a year ago was "right" and that the sport is in good hands now.
"Chase Carey is a great CEO and I recognise a structured organisation with real professionals like Ross Brawn and Sean Bratches. The sport is in good hands," Todt said.
Jose Froilan Gonzalez gave the team its first F1 victory at the 1951 British Grand Prix.