I’m not the greatest of writers, but I’ll attempt to piece together ideas that have been said numerous times by members of F1 message boards as well as news publications.

Just two days ago, Ferrari produced on their website, a statement that suggestively attacked the Formula 1 governance. Ferrari’s claim was that the F1 power elite are the reason we have just three (and if Renault leave two) true manufacturers left on the F1 starting grid. They also suggested that the newcomers to the sport are NOT F1 material and might not even make it to the grid in Bahrain. Ferrari reasoned that the global economic downturn had nothing to do with the mass exodus of teams and F1 partners.

Newly-elected FIA president Jean Todt says that he intends to work towards a harmonious relationship between the governing body and Formula 1’s teams, but warned that they must drive down the cost of competing in the sport.

Todt, who replaces Max Mosley after his 16 years in power, landed an overwhelming victory over Ari Vatanen in Friday’s FIA presidential election.