Mercedes Executive Director Toto Wolff during the press conference. (REUTERS/Brandon Malone)
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Mercedes boss Toto Wolff said Friday that Formula One teams have a responsibility to try to overcome their differences over the future of the sport in the face of a threat by Ferrari to quit because of a number of proposed changes.Ferrari is unhappy with Liberty's proposal to simplify engines and redistribute prize money among F1 teams after the current contract with teams expires at the end of 2020 .Wolff is also taking the possibility of Ferrari walking away seriously. He told Britain's Press Association before the Australian GP that he agreed with Marchionne's concerns and that Formula One can't afford to alienate Ferrari or lose the team.Horner believes Ferrari broke an agreement among teams at a recent meeting to institute a 12-month waiting period for any former employee of FIA or FOM (Formula One Management) to be able to start working for one of F1's teams.
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