MILAN: Ferrari will review its participation in Formula One if plans to introduce a standard engine for all teams from 2010 goes ahead, its board said in a statement on Monday.

Formula One's governing body, the International Automobile Federation (FIA), said earlier this month it intended to bring in the rule to save costs.

"The board of Ferrari, confirming its full support for the substantial and necessary reduction in costs starting with engines, has however expressed strong reservations about the project to equalize or standardize engines," the statement said.