Ferrari threatens to quit Formula One over engine rules

Ferrari is the only carmaker to have taken part in every edition of the Formula 1 World Championship

Ferrari could quit Formula One racing as of 2021 if the circuit’s new owner Liberty Media goes ahead with a plan for substantial changes in the competition, including new engine rules.

Chief Executive Officer Sergio Marchionne said the Italian supercar maker “will not play” unless it’s provided with “a set of circumstances, the result of which are beneficial for the maintenance of the brand in the marketplace and for strengthening the unique position of Ferrari.” Dropping out of the racing series could eventually boost Ferrari results, and “we will celebrate until the cows come home,” Marchionne said Thursday on an analysts’