Ford again says no to Formula 1

Dave Pericak, director of Ford Performance, told Motorsport.com: "We're not really looking at F1. I don't see us getting into that any time soon.

"Formula 1 is so expensive. If you look at every series we are in right now there is a relevance to all the goals and objectives we have, in developing our tools, technology and people and translating that into road cars. Every series that we're in has an element of that."

Pericak was forced to deny last week that Ford was planning a move into IndyCar too, as he reiterated that it felt its racing program was better served in categories that had road relevance such as GT supercars, WRC and World Rallycross.

"We use the track to test and improve our technologies, and bring it back into the road cars," he said. "That's working well, not just on the GT but other products as well.

"To be able to leverage that [racing] program to polish the Ford oval and to communicate what Ford is about – our engineering prowess. It's been really powerful."