Aiming to turn F1 into a revenue stream
Luca di Montezemolo has vowed to campaign for lower running costs in Formula One.
The Ferrari President expressed concern that necessary budgets at the pinnacle of motor sport have spiralled out of control over the course of the
"Formula one must find a way to reduce the expenditures," Montezemolo is quoted as saying by the newspaper Corriere della Sera.
"That is the crucial challenge for the future of this sport."
He said his goal is to turn F1 into a 'source of income' within the next 'three to five years' for Maranello based Ferrari, which last won the championship in 2004.
Corriere della Sera claimed that Ferrari spent in excess of $330m on its F1 programme in 2006.