Ferrari can choose to quit F1 - Todt

Jean Todt says the FIA cannot be swayed by Ferrari’s threats about quitting formula one.

Amid Liberty Media’s plans for new engine rules and a budget cap for the future, the Italian team is warning that it may not sign up for 2021 and beyond.

"That’s their choice," said FIA president Todt, who led Ferrari through the ultra-successful Michael Schumacher era.

"We do not want any manufacturers to leave the sport.

"Ferrari is an icon and it is unique, and it would be very painful if they were not in formula one anymore. But that’s not my responsibility," the Frenchman is quoted by Speed Week.

Todt said the decision to sell F1’s commercial rights to Liberty a year ago was "right".

"Chase Carey is a great CEO and I recognise a structured organisation with real professionals like Ross Brawn and Sean Bratches. The sport is in good hands," he added.