Team personnel: Jose Carabante (HRT), Jean-Francois Caubet (Renault Sport F1), Stefano Domenicali (Ferrari), Mark Gallagher (Cosworth), and Adam Parr (Williams).

Questions from the floor

Q: (Joris Fioriti - Agence France Presse).
I have two questions for Adam Parr. You've experienced a terrifying beginning of the season with no points in four races. Why does your car work so badly? What can be done to solve the issue and what's the atmosphere in the team like?

Adam Parr:
Well, the atmosphere of a racing team, when you have a performance like this is very tough, for all of us. In my opinion, the reason why the car is slow is lack of downforce, which is affecting every aspect of performance and particularly the degradation of the tyres, so that's the area we are focusing on. As I said, it's not a party.

Q: (Joris Fioriti - Agence France Presse).
How do those performances endanger Williams' life in terms of finances and would you have floated part of the company on the stock exchange if you had known those results?

AP:
It's a good question. Obviously, if we don't improve our performance, it does have some effect on our financial position. But that takes time, and we have some time in which to turn things around, and we, of course, have taken very prompt and very decisive action to do that. One of the things that I know about markets is that if you knew yesterday what was going to happen tomorrow, then you'd be a very rich man, so I don't think there's much point at looking at what I would have done if I had known things now which I didn't know before.

Q: (Ian Parkes - Press Association).
Stefano, just looking at the situation of your second driver, after Fernando signed his contract yesterday. Felipe's contract expires at the end of next season, so does that of Lewis Hamilton. Is Lewis a driver that you would consider signing for Ferrari, and secondly, given what happened between Lewis and Fernando at McLaren in 2007, is it possible that those two drivers could ever work at a team like Ferrari?

Stefano Domenicali:
I consider Lewis one of the top three drivers at the moment, one of the fastest drivers, so in that respect, for sure, I consider him a potential driver for the strongest team. So I don't see why I have to say no to your question. So, I can reply to both of them in the same way. For sure, never say never. In life, people can change, can have a different approach. We have seen so many things happen everywhere around the world, but for sure, Lewis is a strong driver and who knows what can happen in the future?

Q: (Alberto Antonini - Autosprint).
Jose, as you establish yourself as a team in your second year, are you planning some restructuring for 2012, like employing some more people, more technicians or readapting your structure?

Jose Carabante:
For the future, one important point is that there is already a programme in process with the wind tunnel. Another priority that I would like to mention is that we are always thinking of the possibility to move all the team to Spain and we are working hard on this. I think that the idea of having all the team together, especially here in Spain, will make us a strong team.

Q: (Dieter Rencken - The Citizen).
We have three representatives from the engine companies here: Ferrari, Cosworth and Renault. How committed are your operations to the 2013 regulations and more particularly Mark, how committed is Cosworth to Formula One after 2012?

Mark Gallagher:
Thanks Dieter. We're completely committed to Formula One long term. I think I said last year, when we came back into Formula One, that the three years that Cosworth had been away from Formula One were something that we never wanted to see repeated, so we're back in Formula One long term. We're totally committed to 2013. We have been heavily involved, from the outset, in the creation of the 2013 regulations in terms of our input to those discussions and we work as hard as ever and of course when a new programme comes along, you actually re-double your efforts because you're running the current programme and also looking to the future. The one aspect of the 2013 regulations that concerns us, and it's a significant concern, is that when we look at our customers and we consider the future from the point of view of Cosworth as a business in Formula One, we're here to service our customers and we know that our customers do not have an appetite to spend more money on Formula One engines, certainly, so we believe that there is a responsible discussion to be had about the costs involved in the 2013 programme because what we want to do at Cosworth is simply to be in Formula One long term providing highly competitive engines but of course, engines that are also affordable and sustainable for the teams that are using our engines, because without that, they won't be a Formula One business for teams, if they can't afford to compete. So we're very clear that the costs remain an issue and the regulations, as currently drafted, do leave a number of options to spend a great deal of money, and I think there was always a clear understanding that to have new regulations, whilst being welcomed from the point of view of innovation, would never be welcome from the point of view of creating a financial space race which I think everyone in Formula One does agree - or at least they should agree - is not what we want at a time when we're really still emerging from what has been a very difficult economic time for many many teams.

SD:
For me, on my part, I've always said it's pretty easy. I totally share the second part of Mark's answer but as always in this discussion, we do it with the other manufacturers and the FIA, so I think it's something that of course we are progressing in this discussion and really, you know our position is not really to make official declarations outside but try to work in a constructive way with all the parties involved. But I think that what Mark said is really a fundamental point. If I may add to that, for sure Ferrari's position is not willing to find new customers because our structure is basically the one that we have so the future for us will always be to supply the engines to ourselves and a maximum of two customers, no more than that.

Jean-Francois Caubet:
For Renault, things are very clear. We have fully committed to the 2013 engine. In terms of strategy, it perfectly fits with the market. We conducted a long study on what would be the future market for road cars and we think that in between five and six years, probably 60 or 70 per cent of the total car market will be hybrid or electric, so to have a relevant engine is a strategic problem. In terms of costs and price, in terms of price, we don't think there will be a huge difference between the current engine and the future engine, except probably the battery.

Q: (Flavio Vanetti).
Stefano, there are some complaints today concerning the tyres. Is the situation as tough and as terrible as Lewis has said or not?

SD:
I don't know what Lewis said.

Q: (Flavio Vanetti).
Terrible tyres.

SD:
Terrible tyres. OK. But that's the tyres that we have to race, so unfortunately that's the situation. For sure, the lack of grip today was a problem, but I was saying to our drivers, to our team, we need to maximise what we have. At this moment, for sure the situation is not great in that respect but this is the tyres that we have here and we need to make sure that the drivers and the team will use them in the best way because, as I said, nothing will change, at least in the short term, and we need to maximise it because for sure, for qualifying but also in the race it will be very difficult, it will be another challenge for all the drivers and all the teams.

Q: (Flavio Vanetti).
Adam, it is said that it was Williams who suggested to the FIA to have a look at the blown diffuser situation. Is that correct or not?

AP:
As I said earlier on, we have been doing this exhaust blowing since Spa last year but there is another level which other teams are doing, as Stefano said, they were clever enough to do that. Before embarking on any major investment, we would always check the situation with the FIA because there are some arguments concerning the legality of this, especially because of a change in the rules this year compared with last year so yes, we - and I don't know if we are the only team - but we have checked the situation with the FIA to make sure before we spend a lot of money.

Q: (Byron Young - The Daily Mirror).
Stefano, could I just ask you about the answer you gave to the Lewis question? Surely Fernando wouldn't want to have Lewis in the team, wouldn't let you have him in the team, would he?

SD:
Why are you so worried about that? We have had a priority unfortunately about that, about our situation at the moment. But I think, first of all, if I speak about that, I feel that it is not correct for the other driver that we have, Felipe. As a team principal, I want to make sure that both of my drivers feel really that they have the maximum atmosphere within the team. So really now the focus is to make sure that both of them are working in the best environment that they can. Going back to your question: as I said, in life, never say never. I don't want to say that by saying that, that it's a possibility but I don't want to ignore the possibility also with other drivers that are very strong: Sebastian Vettel is another very, very strong driver. There are a lot of drivers - well, a lot is a big word - but there are a few drivers that are really very strong but I don't think that speaking about this subject now is correct for the team, because I am totally focused to extrapolate the maximum value out of the current drivers that Ferrari is very happy with.

Q: (Byron Young - The Daily Mirror).
But you said Lewis is a possibility and I know Felipe is a possibility and he will be looking at his own career as well. Would you say that Mark Webber is a possibility, because he's out of contract at the end of this year?

SD:
I can say that everyone is a possibility but I didn't say that he was a possibility, I said never say never to very quick drivers. As I said before, I consider Lewis to be one of the top three drivers of them all.

Q: (Alan Baldwin - Reuters).
Question to Mr Carabante: your team is the only one in the paddock which is not a member of the Formula One Teams' Association. I was just wondering if you had any plans to rejoin and if not, what advantage you get from being outside?

JC:
OK, first of all, I would like to say that FOTA is not our enemy, we just took the decision last year to take a different way because we think that it is the right decision for the interests of the Hispania team. OK, Stefano says that you can never say never, so I cannot say what is going to happen in the future but right now, I think that we have taken the best decision for the interests of the team.

Q: (Dieter Rencken - The Citizen).
To the two non-engine representatives: how do you people feel about the 2013 engines, particularly given the fact that they could possibly increase your engine budgets by anything up to five times over the present levels unless they are subsidised by the manufacturers?

JC:
This is very, very important, as you say, especially because of the costs. For a small team, as we are, the budget is very important, so we have to try to ensure that all the costs are affordable for us. This is very important. At the end, we will take the decision that the regulations say but for sure, the best for us - not just for us, for all the teams - that have a good and affordable budget and this, I think, should be the future.

AP:
As I said, I think we're very passionate in believing that we must bring new technology into Formula One in 2013. From my personal perspective and our team's perspective, if you look at sponsorship in Formula One, there are very few teams, if any, bringing new sponsors into Formula One and the fundamental reason for that, without any question, is the sustainability of the sport, because if you look at our global audience, you look at geographical presence, you look at the quality of the racing, especially with these tyres, it is absolutely riveting. Formula One is in fantastic health on its own current terms, but there is a fundamental flaw which is that many companies do not want to be associated with the sport at the moment because of the perception that it is not green enough and there is not a single big company in the world for whom sustainability is not a core part of their brand. So I think that for the sake of the future of the sport and attracting new sponsors, attracting a younger audience, we absolutely need to do this and as far as the costs are concerned, I agree that what Mark and Stefano said, that the rules as set out today, could be improved a little bit, in very minor ways that would make a significant reduction in the cost for developing and providing those engines. So I think that with an intelligent debate, which is going on at the moment, we can achieve everything that everybody wants.

Q: (Joris Fioriti - Agence France Presse).
Stefano, you said before that Lewis Hamilton was part of your top three of your fastest drivers. I guess Fernando Alonso is another; who would be the third driver?

SD:
Sebastian Vettel.

Q: (Joris Fioriti - Agence France Presse).
OK, and the second question: why is Ferrari always threatening to withdraw from Formula One whenever there are issues about engines or anything? Doesn't it weaken your position in the end?

SD:
Maybe I don't understand. Who is thinking to... did you hear anything from me, thinking about withdrawing from Formula One?

Q: (Joris Fioriti - Agence France Presse).
From your side no, from Luca di Montezemolo last week.

SD:
Well no. I don't think that he said that. The only one who is here, with all respect, that has always been in Formula One is Ferrari, since the beginning. All the others can speak and say something but they came, they went away. Facts. In Italian there is saying that is not really good to say but facts are the relevant thing, you know.

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