Ferrari Leaving Formula 1 is 'Pure Speculation'

Jason Siu
by Jason Siu

Ferrari has released a statement in regards to recent rumors that it may be leaving Formula 1.

Last week, reports surfaced that Ferrari chairman Luca di Montezemolo has vented his discontent with Formula 1 to the series’ organizers and suggested that the Italian automaker may focus on other forms of motorsports instead. Ferrari however, has made a formal statement on its website noting that the media’s report “is a bit of a stretch based on President Luca di Montezomolo reiterating that Formula 1 needs to evolve and renew itself, while admitting that there is a unique attraction to the 24 Hour race.”

SEE ALSO: Full Scale Lego Ferrari Formula 1 Car is Every Kid’s Dream

According to Ferrari, taking the president’s words and assuming that Ferrari would quit Formula 1 after 2020 to concentrate on Le Mans and Endurance championship is taking it “to extremes.” In fact, there’s nothing stopping the company from upping the ante and competing in all series.

GALLERY: Lego Ferrari Formula 1 Car

[Source: Wall Street Journal, Ferrari Official Website]

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Jason Siu
Jason Siu

Jason Siu began his career in automotive journalism in 2003 with Modified Magazine, a property previously held by VerticalScope. As the West Coast Editor, he played a pivotal role while also extending his expertise to Modified Luxury & Exotics and Modified Mustangs. Beyond his editorial work, Jason authored two notable Cartech books. His tenure at AutoGuide.com saw him immersed in the daily news cycle, yet his passion for hands-on evaluation led him to focus on testing and product reviews, offering well-rounded recommendations to AutoGuide readers. Currently, as the Content Director for VerticalScope, Jason spearheads the content strategy for an array of online publications, a role that has him at the helm of ensuring quality and consistency across the board.

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 2 comments
  • Jeff T Jeff T on Jun 14, 2014

    Might want to proof read your article autoguide. I don't think female dogs have anything to do with f1.

  • Smartacus Smartacus on Jun 15, 2014

    Ferrari cannot stay in F1 forever. The formula is down to V6 engines and there is zero chance of it going back to V8 or V12. Not only that; the chance of less cylinders in F1's future is far greater than the chance of it staying at V6.

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