Ferrari are 'wholeheartedly' commited to new era of Formula One

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The Scuderia Ferrari Marlboro are the second team today to announce their continued committment in the Formula One World Championship. Earlier it was Toyota, who amidst rumours that it might too follow Honda and BMW's steps out the door clarified that their intentions to compete in Formula One are still great.

A Ferrari spokeperson said, "Over the last 60 years of the continuous participation of Ferrari in the Formula 1 World Championship we've seen many teams and some important constructors come and go. This is a characteristic of this sport, although we are sad about BMW's decision.

"Ferrari will continue to engage itself wholeheartedly for a new era in Formula 1, composed of stable rules and extreme technological research accompanied by paying close attention to the environment and a growing spectacle as well as greater participation of the fans and of all our sport's components."