Ferrari fight on after French court defeat

PARIS: Ferrari hit back on Wednesday after a French court rejected their bid to prevent Formula One's governing body introducing controversial new rules next season.

The sport's most successful and glamorous team warned in a statement at the Monaco Grand Prix they could still pursue legal action and would carry out a threat to quit if the regulations were not rewritten.

The champions had gone to the Tribunal de Grande Instance in Paris to try and stop the International Automobile Federation (FIA) from pressing ahead with an optional 40 million pounds ($61.98 million) cap.