Ferrari Lose FIA Appeal – Chances Are They Will Leave F1
Scuderia Ferrari have lost the monumentally important case against the FIA about the future of Formula One today after yesterday’s hearing in Paris.
The Italian company held a veto against the FIA and have done since 1998, deciding to use it for the first time against the FIa in the wake of a £40million imposed budget cap leading to a two-tier F1 series.
Manufacturers have all been against the idea of a new budget cap.
The decision means that it is unlikely Ferrari will remain in Formula One from next season, the only team ever to have competed in every single Grand Prix will be gone. Renault, Toyota, Red Bull Racing and possibly McLaren too could be leaving, as could Mercedes Benz as an engine supplier.