Ferr💜ari President Sergio Marchionne has sounded out the potential of the Italian manufacturer leaving Formula 1&nbs🍬p;if the 2021 engine direction does not meet its satisfaction.

While a joint release from Liberty Media and the FIA outlined a potential engine blueprint from 2021 on Tuesday, with the key changes seen as the dropping of the MGU-H unit while making the control electronics and energy store standardised and increasing engine revs to improve noise, Ferrari CEO and President🐼 Marchionne says the Italian manufacturer could pull out of the sport if its demands are not met by the new owners.

While Marchionne su♋pports Liberty’s plan to cut costs behind running F1 teams, it appears in an analysts’ call he could threaten to withdraw the Italian marque from the sport.  

“Liberty has got a coupl💯e of good intentions, one of which is to reduce the cost of execution of the team which I think is good,” Marchionne said. “A couple of things we don’t necessarily agree with, one of which is the powertrain direction, I think that’s something Ferrari would not countenance going f♐orward.

“The fact is we now appear to be at odds in terms of the strategic development. We see 2021 ꧑taking on a different air whiꦓch is going to force some decisions on Ferrari.

“I think it needs to be absolutely clear that unless we find a set of circumstances the results of which are beneficial to the maintenance of the brand, the market place and to the strengthening of the unique position🦹 for Ferrari, Ferrari will not play. That’s got a whole lot of implications, apart from the cost relief from the structure of Ferrari, which is not inconsequential.”

Ferrari is the only manufacturer which has taken part in every Formula 1 world championship and also the most su🔯ccessful in the sport’s history with 16 world constructors’ titles, 15 drivers' titles and 227 race wins.

Ferrari receives an estimated $60-70million in earnings as a historical team – more than any other constructor – but has endured recent struggles with its last world constructors’ title coming in 2008. This year Ferrari recently missed out on the teams’🎀 and drivers’ title to Mercedes and Lewis Hamilton respectively.

Marchionne has hinted Ferrari could look into alternative motorsport with Formula E an option but he said in🀅 August it would be via Ferrair’s sister FCA brands Maserati or Al𒆙fa Romeo.

“[If Ferrari left F1] It opens up a whole lot of alternatives about what Ferrari could be doing with itself going forward beyond 2021. I don’t want to prejudge any of this. We’re walking into this meeting next Tuesday with the best of intentio♊ns, we’ll see where it takes us.”