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Ferrari's F1 Quit 'Serious' Says Sergio Marchionne

Sergio Marchionne assist that Scuderia Ferrari‘s threat to quit Formula 1 is 'serious', despite the arrival of Alfa Romeo in 2018. Ferrari's sister brand, Alfa Romeo will enter the sport in 32 years as a title sponsor for the Sauber F1 Team, re-branding as Alfa Romeo Sauber F1 Team in 2018. But the Italian giants, who have competed in F1 since 1950 could be heading for the exit door in 2020 if they don't agree to Liberty Media‘s plans for the future of the sport. Rumours suggest that it could involve a reduction of prize money. Chairman of Ferrari, Sergio Marchionne was in attendance at the Alfa Romeo Sauber F1 Team press conference and said during his speech that the new deal...
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