The dust from the damaging FIA/FOTA civil war back in the summer may now have finally settled in F1, but Ferrari - the top flight's longest-serving and arguably most loyal team - has dropped a hint that unless there are dramatic changes over the next few years, its ongoing participation post-2012 cannot necessarily be guaranteed.

Ferrari is the only entrant in the history of the sport to have competed in every single season since the official inception of the world championship all the way back in 1950. As with all of its rivals, the Scuderia pledged its future to F1 for at least the next three years as part of the new Concorde Agreement that resolved the long-running stand-off between the governing body and Formula One Teams' Association.

However, the illustrious Maranello-based outfit's president, Luca di Montezemolo - similarly chairman of FOTA, which as the tension reached its most critical point even threatened to launch a breakaway series free from the controversial and unloved jurisdiction of the FIA - has now revealed that he remains unhappy with the sport as it is, and promised to arrange 'a day of work with the media, the sponsors and the organisers' to 'improve' what he describes as an 'extraordinary' competition.

"We have a contract that finishes in 2012, so we have time to consider what to do next," the Italian said in an interview with Sky Italia news channel TG24. "[F1] needs to renew, to revive the interest and to once again establish credibility with rules that do not change every day."