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.

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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