Arrivabene: 2021 F1 Concept Car underwhelming

Ferrari chief Maurizio Arrivabene told reporters in Singapore, "I was looking the cars presented a couple of days ago by Ross. It's a good exercise. I was asking our engineers what they thought about it."

"They said it's a bit underwhelming in their opinion and it looks like an old Champ Car but it's an exercise."

With regards to a proposed $150-million budget cap which Ferrari have always been sceptical about, Arrivabene said, "The objective of everybody is to save money, to reduce costs. The question is not the what, the question is how."

"How do want to do it? How do we want to maintain F1 as a pinnacle of motorsport? How do we want to continue to develop cars that are beautiful for the public? It's not an easy equation. Everybody goes their way sometimes, but I think at the end we can find the solution."

Arrivabene also touched on the future of Ferrari beyond 2020 in Formula 1, "Concerning the future, the Concorde Agreement, I spoke with our CEO. The decision is something that is not mine. It's going to be a strategic decision that involves the overall group."

"If somehow a certain agreement is not taking into consideration where the Ferrari is in the market, the DNA of Ferrari…I repeat, it's a strategic decision."

"Of course I give my information, we discuss about this, but he is the person who is going to talk with the appropriate people," explained Arrivabene.