Ferrari may have warned the FIA that it could quit F1 if the governing body insists on standard engines, but the furore should be seen as nothing more than political jousting in which both sides seeking to get as much out of their own negotiating stance as they possibly can.

Ferrari Ferrari and F1 are inextricably linked at the hip and if anybody seriously thinks that either party is interested in somehow raining on the other one's parade, then forget it. Max and Bernie play rough and think tough, but they treat the Prancing Horse with kid gloves in the ultimate analysis.

Put simply, Ferrari is far more important to the sport than a bunch of faceless bureaucrats in Paris, a fact that’s likely to be reflected in the scorecard when the dust over this spat settles.

The famous Italian team, which has been competing in the Formula One world championship without a break since its inauguration in 1950, sent a firm signal to the FIA president Max Mosley that his idea of introducing so-called 'standard engines' into the sport's senior category would undermine the technical justification for continuing to offer their support to the series.

Last week Ferrari’s sporting director Stefano Domenicali and Toyota's F1 vice president John Howett met with Mosley to discuss the issue of cost cutting, but the issue of standard engines has pushed them too far.