Ferrari president Luca di Montezemolo has warned that the current trend for cutting costs risks going too far.

His outburst follows his recent comments that the sport is again at a 'crossroads' and that a breakaway championship could still happen post-2012, as the teams are no longer prepared to be contained in a 'Formula One prison' and want a greater share of the profits [see separate story - click here].

The Scuderia has long been one of the richest teams in the sport and current rules, particularly the restriction on testing, as well as the move to new greener engines, which will see 1.6-litre turbocharged powerplants brought in for 2013, have not been exactly well received at Maranello.

"I'm all for improving sustainability and with the four cylinder 1.6 litre turbo engine I have to accept because we don't want Ferrari always to be polemic but personally I don't like it. It is too far," he told British newspaper, The Daily Telegraph.

"I agree on the need to cut costs but this 'pauperistic' approach to F1 is not good. Cheap is different from inexpensive. We want F1 to be associated with innovation, with pushing technology."

Montezemolo also warned that the sport shouldn't forget its roots and ditch the traditional European venues in favour of new hi-tech venues such as the Yas Marina Circuit in Abu Dhabi.

"[At the moment] my son can go around the world with his girlfriend for less than the price of two tickets to Monza. It's nice to have new tracks but we need to be careful. We must keep the historic circuits, like Suzuka, Sao Paulo, Silverstone and Spa. It's important to have heritage, credibility and history in F1," he concluded.

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