Ferrari has welcomed news the FIA's World Motor Sport Council has officially approved proposals for F1 to switch from its current 2.4-litre V8 powerplants to more efficient 1.6-litre, turbocharged V6s from 2014 onwards.

The FIA had planned to introduce 'hybrid' four-cylinder turbos in 2013, but in the wake of opposition from commercial rights-holder Bernie Ecclestone and the majority of manufacturers, including the Scuderia, a compromise was reached during a reunion of the F1 Commission near Heathrow last week that resulted in unanimous agreement amongst the sport's major powerbrokers [see separate story - click here].

"This decision is good for the sport," Ferrari team principal, Stefano Domenicali told German news agency SID. "We now have the necessary time to prepare for this new project."

"The choice of having a V6 turbo engine as from 2014 is the right one and I am pleased to note that common sense prevailed," Ferrari president Luca di Montezemolo added. "It shows we are working together without pointless counterproposals or diktat, if it leads to the best outcome for the good of this sport."

Mercedes boss Norbert Haug meanwhile echoed those thoughts: "It is good that the compromise reached has now been confirmed by the World Motor Sport Council," he chipped-in.