Ferrari president Luca di Montezemolo has said only reform of the FIA will stop manufacturers forming a breakaway series.

Ferrari was included on the entry list for the 2010 Formula One championship, published Friday, but the BBC reports that di Montezemolo said, “Either we race in an F1 with the characteristics we want to maintain or there will be an alternative.

“We want stability, clear rules, a clear and transparent system of governance and the possibility to let teams work to cut costs like they've already shown.”

“I really hope we manage to find a solution. I'm sure there are responsible people inside the FIA who understand the situation.”

Source: Sport Business International