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Honda's crisis makes Ferrari accelerate plans

Updated: December 8, 2008, 8:40 AM ET
Associated Press

MILAN, Italy -- Ferrari's Formula One team is planning to accelerate its cost-cutting plans for 2009 in the wake of Honda's pullout from the sport.

"This process had already begun over the last few years. But now it's going to have a sharp acceleration," team director Stefano Domenicali said in an interview with Corriere della Sera on Monday without providing further financial details.

Still, Domenicali warned that cuts in F1 spending shouldn't reach the point where it wouldn't allow ...

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