luca di montezemolo

Ferrari has criticised Formula 1's new optional budget cap as 'fundamentally unfair and perhaps even biased' and as being liable to create a two-tier, split-level championship of haves and have-nots - as Luca di Montezemolo hinted that the team's participation is 'not a never-ending story'.

Ferrari is currently 'paying the price' for its success in Formula 1 last year, reckons the Scuderia's president Luca di Montezemolo - who conceded that there were 'a few mistakes too many' in an Australian Grand Prix performance last weekend that transpired to be 'a lot worse' than had be

Jean Todt has ended his long-standing relationship with Ferrari by stepping down from his post-racing position on the Italian marque's board of directors with immediate effect.

It will be back to business as usual for Kimi Raikkonen in 2009, his employers Ferrari insist - as the Finn bids to re-establish both his battered reputation and Formula 1 World Championship credentials on the back of a desultory 2008 campaign in the top flight.

Human errors cannot be eliminated from Formula 1, Ferrari team principal Stefano Domenicali has warned - despite it arguably having been just such 'human errors' that ultimately cost Felipe Massa the 2008 world championship crown.

It has been reported that as many as seven Formula 1 teams could begin and even complete the 2009 campaign without the new KERS (Kinetic Energy Recovery Systems) technology.

Kimi Raikkonen has confessed that he struggled to maintain his motivation during the 2008 Formula 1 season - one that saw him not so much concede his crown as practically throw it away.

Bernie Ecclestone has hit back at Luca di Montezemolo for describing the inaugural Singapore Grand Prix as a 'circus', by describing Ferrari as the 'clowns' - and claiming that if Felipe Massa fails to win the Formula 1 World Championship this year, he will have his team to blame.

Kimi Raikkonen and Felipe Massa have stressed that the errors committed in the British Grand Prix a fortnight ago - branded 'stupid' by Ferrari President Luca di Montezemolo [see separate story -

Ferrari President Luca di Montezemolo has personally invited the Surrey photocopy shop employee who helped uncover the McLaren 'Spygate' scandal to Italy to thank him.