Ferrari chairman Sergio Marchionne said while he supported cost-cutting, there are other strategic issues under discussion that could force Ferrari to consider racing elsewhere.
Renault's Fernando Alonso will replace Kimi Raikkonen at Ferrari next season, the Italian team said Wednesday. Spain's Alonso, World champion in 2005 and 2006, has signed a three-year deal and will partner Felipe Massa next year.
The Brazilian lapped 0.151s quicker than team mate Michael Schumacher in free testing at the Italian Grand Prix.
Italian Giancarlo Fisichella did his utmost to impress Ferrari with a jaw-dropping pole position for Force India at the Belgian Grand Prix on Saturday. With compatriot Luca Badoer spinning out and qualifying last for the second race in a row as stand-in for Ferrari's injured Brazilian Felipe Massa, Fisichella saw his chance and grabbed it with both hands in a qualifying session that almost defied belief.
Verstappen's hopes of a record-extending 11th successive victory looked a long shot on a city circuit where overtaking is never easy.
The announcement has come days after Aldar Properties opened world's largest Ferrari merchandise store in Dubai this week.
Twice Formula One world champion Fernando Alonso made his first public appearance with his new Ferrari team at an event in Valencia, Spain on Sunday.
Ferrari could lead other Formula One teams into an alternative championship if the sport becomes too much like the US-based NASCAR series.
Formula One supremo Bernie Ecclestone has hit back at criticism from Ferrari president Luca di Montezemolo by detailing how much more money the Italian team receive from the sport than their rivals.
Kimi Raikkonen's return to the Italian Prancing Horse was immanent. And when it happened on Tuesday there was no surprise but questions rose over the place of Fernando Alonso at Ferrari.
Michael Schumacher may be still two races away from a record sixth F1 title, but according to his team's web site he has already won it.
Stefano Domenicali resigned as Ferrari's Formula One team principal on Monday, and the company's North America president and chief executive Marco Mattiacci was appointed as his replacement.
Ferrari chairman Luca Cordero di Montezemolo said on Wednesday he is confident his team would bounce back in Malaysia this weekend after making a terrible start to the season at the Australian Grand Prix. Neither of the Italian team's drivers completed last weekend's Grand Prix, although world champion Kimi Raikkonen picked up a point after Honda's Rubens Barrichello was disqualified from a race that only seven cars completed. McLaren's Lewis Hamilton won.
Ferrari unveiled their F10 for the new Formula One season on Thursday, confident the radically redesigned car would be much more competitive than last year's inconsistent version.
Michael Schumacher will test Ferrari's 2007 race car again this week in preparation for his return to Formula One as a replacement for the injured Felipe Massa. The seven-times world champion, who had a day of testing in the F2007 at the circuit near Florence 10 days ago, cannot try out the F60 car before the European Grand Prix in Valencia on August 23 because track testing is banned during the season.
Formula One leaders McLaren have accused rivals Ferrari of running an illegal car at the start of the season and making 'grossly misleading' statements in a spy controversy overshadowing the championship.
Red Bull's Sebastian Vettel won the Italian Grand Prix at a canter on Sunday to move 53 points clear of Ferrari's Fernando Alonso in the Formula One championship after six victories from 12 races.
From car electronics to safety, aerodynamics to trouble-shooting, TCS will work with the Ferrari F1 team to provide IT-based solutions before, during and between races.
Tata said this in an interview to L'Espresso, an Italian media company. An excerpt from the interview quoted Tata as saying, "I have two passions in my life -- cars and aircraft. I have always dreamt of being able to be a fighter pilot and I confirm my desire to participate in the shareholding of Ferrari."
Fernando Alonso seized a longed-for victory in his first Italian Grand Prix for Ferrari on Sunday while Lewis Hamilton lasted less than a lap and handed the championship lead back to Australian Mark Webber.
In the interests of better visibility, teams were told last month they could fix mirrors to the halo head protection device that encircles the cockpit and that became mandatory this season.
Ferrari worked through the night at the Abu Dhabi Grand Prix to help Fernando Alonso in his title battle with Red Bull's Formula One championship leader Sebastian Vettel.
Summary of sports events and persons who made news on Sunday
Formula One CEO Bernie Ecclestone has distanced himself from the storm kicked up by Ferrari's decision to have the Italian navy's flag on its cars during the Indian Grand Prix, saying the national association should look into such 'political matters'.
Ferrari boss Mattia Binotto said the pair remain free to fight on track and if either is clearly faster than the other would be given preference.
Spaniard Pedro De la Rosa has joined Ferrari in a development role for the 2013 season, the Italian Formula One team said on Wednesday.
Ferrari were forced to replace the rear wing on their cars at the Spanish Grand Prix on Saturday after Formula One's governing body declared it illegal.
Ferrari's Michael Schumacher won what could be his last Italian Grand Prix on Sunday to slash championship leader Fernando Alonso's lead to two points with three races left.
Vettel, who won from pole position last year in Canada to revive Ferrari's title hopes, will be hoping for the same on Sunday with world championship leader Hamilton, chasing a record equalling seventh win in Montreal, starting alongside him.
Ferrari moved to placate angry Indian authorities on Saturday with an assurance that a navy flag on their Formula One cars was not a political statement of support for Italian sailors detained for killing local fishermen.
Alonso, who will make his McLaren debut after winning the Formula One championship for the past two years with Renault, had to make do with second place on the starting grid.
Felipe Massa will drive a Ferrari Formula One car again this year as the Brazilian continues his recovery from life-threatening head injuries suffered in July, Ferrari said on Sunday.
The 27-year-old Finn had his first Formula One test for the Italian glamour team at a damp Vallelunga circuit on Tuesday.
Seven times Formula One world champion Michael Schumacher will replace injured driver Felipe Massa at Ferrari if he passes a fitness test, the team said on Wednesday.
Ferrari will not stand in Michael Schumacher's way if the seven-times Formula One world champion decides to come out of retirement and race for Mercedes, president Luca di Montezemolo said on Monday.
Quadruple world champion Sebastian Vettel will replace Fernando Alonso at Ferrari next season after signing a three-year deal, the Italian team said on Thursday.
Ferrari gave Italians the bad news with a warning that their new Formula One car was unlikely to be a winner, or even in the podium places, when the season starts in Australia in two weeks' time.
Lewis Hamilton won a thrilling Italian Grand Prix for Mercedes on Sunday to stretch his championship lead to 30 points over Ferrari's Sebastian Vettel, who fought back to fourth after a first lap spin.
Britain's Lewis Hamilton won the Italian Formula One Grand Prix for McLaren on Sunday with Sauber's Mexican driver Sergio Perez finishing second.
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