Ferrari will retain the right to veto new rules under the 2021 Concorde Agreement, according to company chairman Louis C. Camilleri. Ferrari has long held veto rights in exchange for its participation in Formula 1, though many other teams believe it is unfair including FIA president Jean Todt who called for it to be dropped under the new agreement. It allows the team to block rules it feels go against its or F1's core principles and was most recently used to block a cap on engine and gearbox prices. In an interview with the Financial Times, Camilleri confirmed Ferrari would retain its right to a veto as part of the 2021 agreement. 'We have retained the...
Full Story »