(GMM) Ferrari is not a works formula one team that is backed by a manufacturer, according to the marque's president, Luca di Montezemolo.
Although Italian carmaker Fiat is commonly viewed as Ferrari's 'parent company', and Montezemolo is also in charge of the Turin-based manufacturer, he said the link between the pair should end there.
''I would like to get this straight,'' said the Italian. ''Fiat does not give Ferrari a single euro for formula one. All activities for racing depend on Ferrari's resources alone.
''We are a private team.''
Written: Wed, 25 Jan 2006 15:22:34
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