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Ferrari plays down Formula 1 exit talk

– Ferrari has labelled as "pure speculation" media reports suggesting that it could call time on its Formula 1 efforts in favour of a return to endurance racing and the prestigious 24 Hours of Le Mans event.The outfit's clarification comes in the wake of company President Luca di Montezemolo venting his frustrations about the current state of Formula 1, which embarked on a new turbocharged power unit era this season."Formula 1 isn't working," di Montezemolo told the Wall Street Journal. "It's declining because [the FIA] have forgotten that people watch the racing for the excitement. Nobody watches racing for the efficiency, come on."On the subject of Le...
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