Formula One’s technical rules cannot be changed without the approval of Ferrari, a new report has confirmed.
Rumours that Ferrari have the power to directly influence F1’s rules have persisted for several years.
A document drawn up in anticipation of F1’s potential flotation on the Singapore stock exchange reveals the extent of Ferrari’s power within the sport.
“In respect of Ferrari only, Ferrari may terminate if the regulatory safeguards agreed between the FIA and Ferrari do not allow Ferrari to veto any change to the regulations already announced or introduced (subject to certain exceptions),” says the prospectus, as reported by ESPN.
Ferrari’s power of veto is believed to have been first offered to them in 2005. Whether it has used or threatened to use the veto remains unclear.
However Luca di Montezemolo, the president of the Italian car manufacturer, has repeatedly criticized the F1 rules for being too focused on aerodynamics and restricting teams’ opportunities to test.
A major change in the technical rules for next season will introduced new V6 engines with greater use of modern energy recovery technologies.
The document also confirmed Montezemolo has been offered a 0.25% stake in the sport if it is floated. Ferrari also receives an additional bonus payment for competing in Formula One.
Juncos Racing continued to bolster its entries in the Pro Mazda Championship Presented by Cooper Tires by signing Carlos Cunha to pilot a third Juncos Pro Mazda entry for 2018. Cunha, who finished third in the 2017 Cooper Tires USF2000 Championship Powered by Mazda season on the back of seven podium finishes, joins Rinus VeeKay and Robert Megennis in Juncos’ Pro Mazda lineup for 2018.
Cunha previously tested with the team at Mid-Ohio Sports Car Course in October and joined Juncos for the Chris Griffis Memorial test at the Indianapolis Motor Speedway in November, testing cars for both the Pro Mazda and Indy Lights Presented by Cooper Tires teams.
“It’s great to become a part of Juncos Racing,” said the 18-year-old Cunha. “I am really excited to start the 2018 season with Juncos Racing. This fall we did some testing together and from there I was able to see how focused everyone on the team is and I even felt like I became a part of their family in no time. I am confident we will get great results together next year and I look forward to learning and growing more with the team. It will be a huge pleasure and also a great responsibility to carry the number one on my car, thanks to (2017 Pro Mazda champion Victor Franzoni) and I hope to deliver it back to the team at the end of the year!”
Team owner Ricardo Juncos added, “We are excited to add Carlos to our Pro Mazda lineup. From the moment we started testing with him in early October, we knew he would be a great fit for our team. Carlos has been very quick in testing and even had an impressive showing in the Indy Lights car at the Chris Griffis test back in October. He had a great run this past season in the Pro Mazda series and we are confident he will carry that momentum into the 2018 season.”