F1 » Montezemolo rails (again) against spending


Ferrari president Luca di Montezemolo has called once more for a sense of urgency when it comes to tackling spending in F1.

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Calvin _

June 13, 2012 9:33 AM

Coming from one of F1's biggest spenders this smacks of discovering how much is being spent and what is being achieved. However, historically, Ferrari need to spend to get the performance.

Josh - Unregistered

June 13, 2012 9:56 AM

Of course any comments from Ferrari regarding spending are going to be met with unalloyed waves of cynicism, but I believe what Luca has said is right. With the current global economy it's not viable for teams to continue spending hundreds of millions each and every year.

I expect more comments like Calvin's, connecting Ferrari's concerns with lackluster on-track performance. Quite frankly I find this to be a very short sighted perspective.

richard

June 13, 2012 12:14 PM

alpha. unfortunately there is only one way to cut down costs, and no afficianado wants it......that is making the series a spec series! but this is f1 and innovation is the name of the game.

however, there are some areas where spec items could be of benefit, and that is in front and rear wings. have a spec unit, and we will do away with the excessive costs of producing different aero appendages etc, to try and gain .01 of a sec

rob01

June 13, 2012 12:37 PM

The series is spec. He is speaking out the side of his mouth. After he spent millions changing his cars after a race or two this year. And continues to throw money at it like it's going out of style.

stevyweavy - Unregistered

June 13, 2012 12:48 PM

He talks the talk but can he walk the walk! Ferrari have been one of the main teams constantly blocking decent spending cuts because they are worried that they won't be able to compete on a level playing field.

Alpha Omega - Unregistered

June 13, 2012 1:04 PM


@Richard.

Exactly, you cannot unless it's as you say a spec championship, also Monty is a total hypocrite as only now is he saying that, due to Ferrari feeling the pinch financially.

PaulW - Unregistered

June 13, 2012 1:30 PM

He is right that if the global economy crashes then it will be a day of reckoning for all the rich fat cats who finance F1. The problem is that he sounds just like every politician talking about cutting costs in general, without any specifics. He does everything except use the "A" word. We know he is talking about austerity and if austerity hits F1 it will be just like the austerity currently being imposed on every western democracy: austerity for everyone else except us and our rich friends.

So where will the costs cutting come from? How many mechanics and technical people are about to lose their jobs? Will we see BE take less of a King's Ransom for every race he runs? Austerity begins at the bottom and never works its way up to the "beautiful people" at the top.

Texas Roadhouse

June 13, 2012 2:33 PM

This looks more a a planned stance against the proposed engine changes - which will, it seems, cost way more than the existing units, even if only initially. Of concern also, should be whether customer teams could afford the much higher fees for the new engines? Just look at the Moto GP grids of last year as a guide to how this could decline...

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