FILE - In this Friday July 12, 1996 file photo tanding under of smiling portrait of himself, Formula 1 Ferrari driver Michael Schumacher, right, discusses matters with Ferrari President Luca Di Montezemolo, left in the Ferrari garage at Silverstone racetrack in England. The Ferrari team said Tuesday, May 12, 2009 it won't enter its cars in next season's Formula One championship unless the sport's governing body revokes its new budget cap. Ferrari, which has been involved in all 60 seasons of motor racing premier's championship, said the new FIA guidelines were arbitrary and would set up a double standard. It said equal rules for everyone are necessary for the sport to continue. "The same rules for all teams, stability of regulations, the continuity of the FOTA's endeavours to methodically and progressively reduce costs, and governance of Formula One are priorities for the futures," Ferrari said in a statement after a board meeting. AP Photo logo AP Photo 6 months ago

FILE - In this Friday July 12, 1996 file photo tanding under of smiling portrait of himself, Formula 1 Ferrari driver Michael Schumacher, right, discusses matters with Ferrari President Luca Di Montezemolo, left in the Ferrari garage at Silverstone racetrack in England. The Ferrari team said Tuesday, May 12, 2009 it won't enter its cars in next season's Formula One championship unless the sport's governing body revokes its new budget cap. Ferrari, which has been involved in all 60 seasons of motor racing premier's championship, said the new FIA guidelines were arbitrary and would set up a double standard. It said equal rules for everyone are necessary for the sport to continue. "The same rules for all teams, stability of regulations, the continuity of the FOTA's endeavours to methodically and progressively reduce costs, and governance of Formula One are priorities for the futures," Ferrari said in a statement after a board meeting.

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  1. ABU DHABI, UNITED ARAB EMIRATES - OCTOBER 30: Former Ferrari F1 World Champion Michael Schmumacher (R) of Germany talks with Felipe Massa (L) of Brazil and Ferrari on the pitwall during practice for the Abu Dhabi Formula One Grand Prix at the Yas Marina Circuit on October 30, 2009 in Abu Dhabi, United Arab Emirates.
  2. ABU DHABI, UNITED ARAB EMIRATES - OCTOBER 30: Former Ferrari F1 World Champion Michael Schmumacher (R) of Germany talks with Felipe Massa (L) of Brazil and Ferrari on the pitwall during practice for the Abu Dhabi Formula One Grand Prix at the Yas Marina Circuit on October 30, 2009 in Abu Dhabi, United Arab Emirates.
  3. ABU DHABI, UNITED ARAB EMIRATES - OCTOBER 30: Former Ferrari F1 World Champion Michael Schmumacher (R) of Germany talks with Felipe Massa (L) of Brazil and Ferrari on the pitwall during practice for the Abu Dhabi Formula One Grand Prix at the Yas Marina Circuit on October 30, 2009 in Abu Dhabi, United Arab Emirates.
  4. ABU DHABI, UNITED ARAB EMIRATES - OCTOBER 30: Former Ferrari F1 World Champion Michael Schmumacher (R) of Germany talks with Felipe Massa (L) of Brazil and Ferrari on the pitwall during practice for the Abu Dhabi Formula One Grand Prix at the Yas Marina Circuit on October 30, 2009 in Abu Dhabi, United Arab Emirates.
  5. ABU DHABI, UNITED ARAB EMIRATES - OCTOBER 30: Former Ferrari F1 World Champion Michael Schmumacher (R) of Germany talks with Felipe Massa (L) of Brazil and Ferrari on the pitwall during practice for the Abu Dhabi Formula One Grand Prix at the Yas Marina Circuit on October 30, 2009 in Abu Dhabi, United Arab Emirates.
  6. ABU DHABI, UNITED ARAB EMIRATES - OCTOBER 30: Former Ferrari F1 World Champion Michael Schmumacher (L) of Germany talks with Felipe Massa (R) of Brazil and Ferrari on the pitwall during practice for the Abu Dhabi Formula One Grand Prix at the Yas Marina Circuit on October 30, 2009 in Abu Dhabi, United Arab Emirates.
  7. ABU DHABI, UNITED ARAB EMIRATES - OCTOBER 30: Former Ferrari F1 World Champion Michael Schmumacher (L) of Germany talks with Felipe Massa (R) of Brazil and Ferrari on the pitwall during practice for the Abu Dhabi Formula One Grand Prix at the Yas Marina Circuit on October 30, 2009 in Abu Dhabi, United Arab Emirates.
  8. Former F1 driver Michael Schumacher, left, and President of Fiat Group Luca di Montezemolo stand next to the new Ferraris 458 Italia on the first press day of the Frankfurt Auto Show in Frankfurt, Germany, Tuesday, Sept. 15, 2009. The car fair runs through Sept. 27.
  9. Italian chairman of Fiat and Ferrari cars Luca Cordero di Montezemolo adresses the audience during a meeting to launch the think-tank Italia Futura on October 10, 2009 at Palazzo Colonna in Rome. Montezemolo is among some 20 entrepreneurs funding the new think-tank.
  10. Italian chairman of Fiat and Ferrari cars Luca Cordero di Montezemolo (R) and President of the Italian Parliament Gianfranco Fini attend a meeting to launch the think-tank Italia Futura on October 10, 2009 at Palazzo Colonna in Rome. Montezemolo is among some 20 entrepreneurs funding the new think-tank.
  11. Italian chairman of Fiat and Ferrari cars Luca Cordero di Montezemolo (R) and President of the Italian Parliament Gianfranco Fini attend a meeting to launch the think-tank Italia Futura on October 10, 2009 at Palazzo Colonna in Rome. Montezemolo is among some 20 entrepreneurs funding the new think-tank.
  12. Italian chairman of Fiat and Ferrari cars Luca Cordero di Montezemolo (R) and President of the Italian Parliament Gianfranco Fini attend a meeting to launch the think-tank Italia Futura on October 10, 2009 at Palazzo Colonna in Rome. Montezemolo is among some 20 entrepreneurs funding the new think-tank.
  13. Italian chairman of Fiat and Ferrari cars Luca Cordero di Montezemolo (R) and President of the Italian Parliament Gianfranco Fini attend a meeting to launch the think-tank Italia Futura on October 10, 2009 at Palazzo Colonna in Rome. Montezemolo is among some 20 entrepreneurs funding the new think-tank.
  14. Italian chairman of Fiat and Ferrari cars Luca Cordero di Montezemolo adresses the audience during a meeting to launch the think-tank Italia Futura on October 10, 2009 at Palazzo Colonna in Rome. Montezemolo is among some 20 entrepreneurs funding the new think-tank.
  15. Italian chairman of Fiat and Ferrari cars Luca Cordero di Montezemolo adresses the audience during a meeting to launch the think-tank Italia Futura on October 10, 2009 at Palazzo Colonna in Rome. Montezemolo is among some 20 entrepreneurs funding the new think-tank.
  16. Italian chairman of Fiat and Ferrari cars Luca Cordero di Montezemolo adresses the audience during a meeting to launch the think-tank Italia Futura on October 10, 2009 at Palazzo Colonna in Rome. Montezemolo is among some 20 entrepreneurs funding the new think-tank.

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