Ferrari could leave F1 after 2020

Ferrari could quit Formula One after 2020 if the sport's new owners take it in a direction contrary to the Italian sportscar maker's interests, chairman Sergio Marchionne said on Thursday.

Marchionne told analysts on a conference call that while he supported cost-cutting, there were other strategic issues under discussion that could force Ferrari to consider racing elsewhere.

Asked how he would feel about being the chief executive who led Ferrari away from Formula One, Marchionne replied: "Like a million bucks because I'll be working on an alternative strategy to try and replace it.

Ferrari, celebrating the company's 70th anniversary this year, first made sportscars to fund their racing activities under founder Enzo Ferrari and are a huge source of national pride in Italy.

"I think you need to be absolutely clear that unless we find a set of circumstances, the results of which are beneficial to the maintenance of the brand in the marketplace and to the strengthening of the unique position for Ferrari, Ferrari will not play," he said.

UCJ, UNILORIN.