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Formula E CEO Alejandro Agag doubts Ferrari will quit F1 - yet

Formula E CEO Alejandro Agag believes Ferrari's latest Formula One quit threat is nothing more than a tactical business ploy.

The Italian outfit issued a quit threat last November after Liberty Media unveiled a blueprint of its future vision for the sport. Displeased with the the proposal of a new set of engine regulations for 2021, company president Sergio Marchionne said the Scuderia "will not play" unless conditions were favourable.

Ferrari added talk of a potential breakaway series to its quit threat and urged F1 bosses to take its warning seriously or "risk playing with fire".