Mosley: F1 can survive without Ferrari

LONDON: Formula One could live without Ferrari if they were to walk away in protest at the introduction of a budget cap, according to International Automobile Federation (FIA) president Max Mosley.

In an interview published in Saturday's Financial Times, Mosley said that he was locked in a power struggle that he intended to win.

He made clear that he would not be backing down over allowing teams to compete with a voluntary 40 million pound ($59.56 million) cap in 2010 in exchange for greater technical freedom than others remaining with unrestricted budgets.