FIA president Jean Todt 'disappointed' by Ferrari's veto on engines

FIA president Jean Todt has expressed "disappointment" at Ferrari for using its right of veto to block a maximum price to customers for the current Formula 1 engines

FIA president Jean Todt 'disappointed' by Ferrari's veto on engines

The FIA announced last week Ferrari had opted against cutting the price of engines to customers, currently standing at around €20million, to a figure revealed by Todt in a media briefing in Mexico of €12million.

Todt, however, claims the veto - introduced in the initial Concorde Agreement of 1981 and in place through subsequent contracts - could not be challenged despite the fact there is no longer a Concorde.

Ferrari defends using its veto

"It was a disappointment when Ferrari decided to use it's veto right on the price limitation to the customer teams," said Todt, who is hoping to introduce a budget engine from 2017 in a bid to help the smaller teams cut costs.

"Since then I've been trying, with my people, to see what could be adopted.

"In this case I only see the possibility of introducing a more affordable engine that will allow the teams to be competitive.

"If [the teams] say we 'want it, we're happy' then we will move along and propose it at the next Strategy Group meeting where I'm quite optimistic it will be voted through.

"It will then go on to the Formula 1 Commission and World Motor Sport Council."

Suggested to Todt Ferrari could veto again, the Frenchman issued a warning he would be prepared to fight, adding: "A veto is like having a gun in your pocket, and you have to be careful when you use a gun.

"Clearly, and again, the veto right which is in favour of Ferrari - and is a historic right - it has to be demonstrated that there is something that goes against their interests.

"Trying to suggest a customer engine is not against their interests - I'm happy, if needed, to debate on that.

"It is necessary we look after the interests of the small teams."

Todt has confirmed, when a new Concorde was debated but not implemented, all the teams in F1 agreed Ferrari could retain its right of veto.

"In 2013, the first time as FIA president I was facing consideration of the veto right, I must say I was very cautious because as I've said it's like having a gun," said Todt.

"I was surprised because the commercial rights holder was in favour of the veto right, and all the teams were in favour.

"So I agreed to implement the veto right in the Concorde from 2013 to 2020.

"We simply changed the wording to make it more precise."

shares
comments
FIA president Todt would offer F1 engine stability for cost cuts

Previous article

FIA president Todt would offer F1 engine stability for cost cuts

Next article

Mexican GP: Nico Rosberg beats F1 team-mate Lewis Hamilton to pole

Mexican GP: Nico Rosberg beats F1 team-mate Lewis Hamilton to pole
Load comments
Why the 2021 title fight is far from F1's worst, despite its toxic background Plus

Why the 2021 title fight is far from F1's worst, despite its toxic background

OPINION: Formula 1 reconvenes for the Russian Grand Prix two weeks after the latest blow in ‘Max Verstappen vs Lewis Hamilton’. While the Silverstone and Monza incidents were controversial, they thankfully lacked one element that so far separates the 2021 title fight from the worst examples of ugly championship battles

How F1’s other champion to emerge from 1991 thrived at Lotus Plus

How F1’s other champion to emerge from 1991 thrived at Lotus

Mika Hakkinen became Michael Schumacher’s biggest rival in Formula 1 in the late-90s and early 2000s, having also made his F1 debut in 1991. But as MARK GALLAGHER recalls, while Schumacher wowed the world with a car that was eminently capable, Hakkinen was fighting to make his mark with a famous team in terminal decline

Formula 1
Sep 21, 2021
The forgotten F1 comeback that began Jordan’s odyssey  Plus

The forgotten F1 comeback that began Jordan’s odyssey 

Before Michael Schumacher – or anyone else – had driven the 191 (or 911 as it was initially called), Eddie Jordan turned to a fellow Irishman to test his new Formula 1 car. JOHN WATSON, a grand prix winner for Penske and McLaren, recalls his role in the birth of a legend…

Formula 1
Sep 20, 2021
The squandered potential of a 70s F1 underdog Plus

The squandered potential of a 70s F1 underdog

A podium finisher in its first outing but then never again, the BRM P201 was a classic case of an opportunity squandered by disorganisation and complacency, says STUART CODLING

Formula 1
Sep 18, 2021
The other notable Monza escape that F1 should learn from Plus

The other notable Monza escape that F1 should learn from

OPINION: The headlines were dominated by the Italian Grand Prix crash between Max Verstappen and Lewis Hamilton, who had the halo to thank for avoiding potentially serious injury. But two days earlier, Formula 1 had a lucky escape with a Monza pitlane incident that could also have had grave consequences

Formula 1
Sep 17, 2021
How Monza only added more questions to F1's sprint race conundrum Plus

How Monza only added more questions to F1's sprint race conundrum

With two sprint races under its belt, Formula 1 must now consider its options for them going forward. While they've helped deliver exciting racing on Sundays, the sprints themselves have been somewhat lacking - creating yet another conundrum for F1 to solve...

Formula 1
Sep 16, 2021
Who should Alfa Romeo sign for 2022's F1 season? Plus

Who should Alfa Romeo sign for 2022's F1 season?

OPINION: With Valtteri Bottas already signed up for 2022, all eyes are on the race for the second seat at Alfa Romeo next year. Antonio Giovinazzi is the current incumbent, but faces a tough competition from appealing short and long-term prospects

Formula 1
Sep 15, 2021
The "forced break" that was key to Ricciardo's Monza excellence Plus

The "forced break" that was key to Ricciardo's Monza excellence

OPINION: Daniel Ricciardo has long been considered one of Formula 1’s elite drivers. But his struggles at McLaren since switching from Renault for 2021 have been painful to watch at times. Yet he’s recovered to banish those memories with a famous Monza win – built on a critically important foundation

Formula 1
Sep 14, 2021