Todt says Ferrari need to handle F1 veto with care

Sun Nov 1, 2015 11:50am EST
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By Alan Baldwin

MEXICO CITY (Reuters) - The head of Formula One's governing body Jean Todt has compared Ferrari's veto rights to a "gun in the pocket" that must be handled with care.

Ferrari last month used their historic right to block a move to reduce the cost of engines and gearboxes for struggling teams.

"It was a disappointment when Ferrari decided to use its veto right on the price of limitation, for the customer teams, so I have been trying to see what could be an option," Todt, himself a former Ferrari team principal, told reporters at the Mexican Grand Prix.

"A veto is like having a gun in the pocket, so you must be careful when you use it."

The FIA is now consulting all Formula One stakeholders about the possibility of introducing a cheaper alternative powertrain (engine and gearbox) option from 2017.

Todt felt 12 million euros ($13.21 million) was "an acceptable figure" for a customer engine, still far less than currently charged, but the alternative option would aim for a price tag of six to seven million euros.

Ferrari currently supply three teams, including their own.


FIA President Jean Todt speaks to the media during an event about Action for Road Safety next to Luis Alberto Moreno (not pictured) of the Inter-American Development Bank outside the Hermanos Rodriguez circuit in Mexico City, Mexico October 29, 2015. REUTERS/Henry Romero