Ferrari 'to quit' over budget row

[bodgit]

Ferrari have announced they will quit Formula 1 at the end of the season if the sport continues with plans to adopt a £40m budget cap from 2010. "No F1 in 2010 if the rules do not change," read a statement. "Ferrari does not intend to register cars for the 2010 F1 world championship."
Ferrari fear the evolution of a two-tier championship, between those teams who adopt the cap and those who do not.
Well they threatened to. Now it looks like they are pushing their luck hoping the FIA give in to them

Toyota already announced on 10 may
Toyota say they will not enter Formula 1 next year unless new rules published by the governing body are changed. The FIA recently unveiled plans to encourage teams to operate within a £40m budget cap from 2010.
Toyota F1 boss John Howett said: "If nothing changes, we won't be submitting an entry. I don't think that's a unique opinion among other competitors."